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Saudi PIF to Create Steel Giant with $3.3 Billion Sabic Deal

(Bloomberg) Saudi Arabia’s sovereign wealth fund is set to create a new steel giant with the acquisition of the metals unit of chemicals maker Saudi Basic Industries Corp. for an enterprise value of 12.5 billion riyals ($3.3 billion).Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneCovid Is Back. Is It Time to Pull Out Our Masks Again?BMW Unwraps Next-Generation EV to Take on Tesla, China’s BYDJimmy Buffett, Singer Who Spun Margaritas Into Gold, Dies ....

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MSNBC Way Too Early With Jonathan Lemire June 4, 2024 10:42:15

Transcripts for MSNBC Way Too Early With Jonathan Lemire 20240604 10:42:15
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Jindal Shadeed to set up green steel plant in Duqm

Jindal Shadeed Group announced that it has selected the Special Economic Zone at Duqm (SEZAD) in the Sultanate of Oman to establish a manufacturing facility. Slated to be the. ....

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Jindal Shadeed to invest $4 bn in new 'green steel' projects in Oman

MUSCAT: Jindal Shadeed Iron & Steel (JSIS), which owns and operates the largest integrated steel complex at Sohar Port, has unveiled plans to invest over $4 billion in a portfolio. ....

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Air Products and SARGAS Announce Agreement to Build Additional Air Separation Unit at Jindal Shadeed Iron & Steel in Sohar, Oman

Air Separation Unit will be the third installation at the site and will increase total production of nitrogen and oxygen for Jindal Shadeed Iron & Steel by 50 percent LEHIGH VALLEY, Pa. ....

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