Saudi Arabia’s sovereign wealth fund has created a national champion for the steel industry, while exiting the Kingdom’s leading distributor of liquefied petroleum gas (LPG), National Gas and Industrialization Company (GASCO).PIF is set to buy the Saudi Iron and Steel Company (Hadeed) from chemicals producer Saudi Basic Industries Corporation (Sabic)...
Saudi Arabia’s sovereign wealth fund has created a national champion for the steel industry, while exiting the Kingdom’s leading distributor of liquefied petroleum gas (LPG), National Gas and Industrialization Company (GASCO).PIF is set to buy the Saudi Iron and Steel Company (Hadeed) from chemicals producer Saudi Basic Industries Corporation (Sabic)...