Doha, Qatar; 25 June 2023: Industries Qatar (or “the group”) one of regional industrial giants, announced today, that the Board of Directors has given in principal approval for a potential acquisition offer of 100% shares in Al Qataria for Production of Reinforcing Steel (Al-Qataria) by its fully owned subsidiary Qatar Steel (Qatar Steel). The completion of the transaction is subject to obtaining related regulatory and other concerned approvals.
Further details of this transaction will be disclosed in due course.
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