10-10-2024
Industries Qatar announces that its steel segment associate, Foulath Holding B.S.C. (Foulath), has received a non-binding offer for the acquisition of 100% of its share capital. Foulath, based in Bahrain, is 25% owned by Qatar Steel Company Q.P.S.C. (Qatar Steel), a wholly-owned subsidiary of IQ.
The offer is subject to further due diligence and further details will be disclosed upon completion of the process.