Saudi firm Astra Industrial's steel subsidiary sells stake in Iraqi unit in $195m deal

RIYADH: Astra Industrial Group’s Al Tanmiya Steel has sold its stake in its fully-owned Iraqi unit Al Anmaa for Construction Materials Production in a SR731 million ($195 million) deal. The transaction was concluded with Alghad Almutkamel for General Trading and Iron and Steel Metallic Industries on Apr. 24, upon completion of the preset conditions, according to a bourse

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