03
Jun
09:11
Hadeed appoints chief following PIF deal, Rajhi merger
Hadeed's newly appointed chief executive, Abdulqader Al Mubarak, says new markets and opportunities for growth await the firm, in its new, expanded form following its acquisition by public investment fund PIF.
As part of the PIF deal, Hadeed bought 100% of the shares of Al Rajhi Steel Industries, the country's third-largest long producer.
On 26 May, legal authorities approved PIF’s Hadeed purchase from Sabic. In a public letter, Al Mubarak, who work…
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Anonymous
Very good overview of the weekly steel market.
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