(Page 1) SABIC (Riyadh, Saudi Arabia) has announced that the Public Investment Fund (PIF) signed a share purchase agreement to acquire a 100% shareholding in the
PIF, SABIC, and Rajhi Invest announce strategic merger in Saudi Arabian steel industry zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia’s Public Investment Fund (PIF) has announced the signing of a share purchase agreement worth around $3.3 billion to acquire a 100% shareholding in the Saudi Iron & Steel Company (Hadeed) from the Saudi Basic Industries Corporation (SABIC). Simultaneously, Hadeed will acquire a 100% shareholding in AlRajhi Steel Industries Company (Rajhi Steel) from Mohammed Abdulaziz AlRajhi & Sons Investment Company (Rajhi Invest). This exchange involves newly issued shares in Hadeed. The announcement of these two deals came in a statement released by PIF on Sunday.
Pif, Sabic And Rajhi Invest Announce National Champion In The Saudi Arabian Steel Industry menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia s Public Investment Fund (PIF) has announced the signing of a share purchase agreement to acquire a 100% shareholding in the Saudi Iron & Steel Company (Hadeed) from the Saudi Basic Industries Corporation (SABIC).