ISLAMABAD: The Competition Commission of Pakistan has granted approval to three mergers concerning M/s Saudi Iron and Steel Company , having a presence in Pakistan’s steel market, says a.
CCP approves three KSA-based mergers with stake in Pakistan s steel sector app.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from app.com.pk Daily Mail and Mail on Sunday newspapers.
Saudi sovereign wealth fund PIF has reached an agreement with Saudi Basic Industries Corporation (Sabic) to acquire a 100% stake in Saudi Iron & Steel Company (Hadeed) in a deal worth SAR12.5 billion ($3.3 billion), thus creating a national steel giant.