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Entity Message

PIF acquiring from SABIC their steel investment

Entity: SABIC
Message Category: News Message

Braun, Uwe

9/4/2023 7:50 AM

SABIC making a long expected move and unloading a really non-core investment.

Announcement

"The Public Investment Fund (PIF) has today 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)."