PIF to acquire Saudi Iron & Steel Company from SABIC

PIF to acquire Saudi Iron & Steel Company from SABIC

The Saudi Arabia Public Investment Fund (PIF) has signed a share purchase agreement to acquire a 100 percent shareholding in the Saudi Iron & Steel Company (Hadeed) from the Saudi Basic Industries Corporation (SABIC). Based on another cross-conditional share exchange agreement, Hadeed will also acquire a 100 percent shareholding in AlRajhi Steel Industries Company (Rajhi […]

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