Saudi’s SABIC to sell steel unit Hadeed to PIF for $3.3 bln – ET Infra

DUBAI: Saudi Basic Industries Corp said on Sunday it had agreed to sell subsidiary Saudi Iron and Steel Company (Hadeed) to the Public Investment Fund (PIF) for an enterprise value of 12.5 billion riyals ($3.33 billion). The transaction is expected to close before the end of the first quarter of 2024, and proceeds from the […]

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