AlRajhi Steel Industries Company

Activity by year

2023202420252026

Acquisition

Sep 3, 2023ACQUISITIONRiyadh, Saudi Arabia$3.30B
PIF to acquire Hadeed from SABIC; Hadeed to acquire Rajhi Steel
The Public Investment Fund (PIF) signed a share purchase agreement to acquire 100% of Saudi Iron & Steel Company (Hadeed) from SABIC. In a cross-conditional deal, Hadeed will acquire 100% of AlRajhi Steel Industries Company (Rajhi Steel) from Rajhi Invest in exchange for newly issued Hadeed shares, creating a national steel champion.
Saudi Basic Industries Corp. partner Public Investment Fund acquirer Saudi Iron & Steel Company target AlRajhi Steel Industries Company target Mohammed Abdulaziz AlRajhi & Sons Investment Company partner #Steel and Metal Products pif.gov.sa english.alarabiya.net constructionweekonline.com

Acquired by

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AlRajhi Steel Industries Company: plants, expansions, contracts and acquisitions · Endata