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Saudi Steel Pipe Company (Saudi Pipes) intends to acquire an additional 35% ownership stake in Al Alamiah Pipe Company for up to $9.9 million, which would bring its total ownership to 70%.
“The Saudi Steel Pipe Company, 'Saudi Pipes', intends to acquire an additional 35% ownership stake in Al Alamiah Pipes at $9.9 million.”aisusteel.org
Summarized from public sources; check the original articles before acting on it.