# DSD Steel Construction and FMC Ferrometalco acquire 51% of Al Kaabi Steel

DSD Steel Construction AG and FMC Ferrometalco Steel Construction have acquired a 51% stake in Al Kaabi Steel, a steel manufacturing and coating company in Dammam, Saudi Arabia.

- Type: Acquisition
- Announced: 2023-03-03
- Where: Dammam, Saudi Arabia, Saudi Arabia
- Status: completed
- Products: steelworks manufacturing and coating
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [FMC-Ferrometalco Steel Construction](https://endata.com/companies/15756.md) (acquirer)
- [DSD Steel Construction AG](https://endata.com/companies/68922.md) (acquirer)
- [Al Kaabi Steel](https://endata.com/companies/68923.md) (target)

## Sources

- [kaabisteel.com](https://kaabisteel.com/acquisition-announcement/), 2023-03-03: "This acquisition aligns with Ferrometalco’s growth strategy to expand geographically in Saudi Arabia and the GCC region."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.