HomeSteelIndustry Saudi Arabia's PIF grows steel assets with Rajhi Steel purchase Following a cross-conditional share exchange agreement, Saudi Arabia's Public Investment Fund (PIF) will acquire a 100% shareholding in AlRajhi Steel Industries Company (Rajhi Steel) from Mohammed Abdulaziz AlRajhi & Sons Investment Company (Rajhi Invest). Rajhi Steel has 1 million tonnes per year crude steel production capacity and 2.2 million tonnes per year long steel production capacity, according to the Arab Iron and Steel Union... Email this article Your details Your recipients's details You can enter a maximum of 5 recipients. Use ; to separate email addresses. Email yourself a copy? Enter the code: Ok You might notice something different here.As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Already registered? Log in Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you. Learn More We are developing an experience that allows you to test drive building your view of our data and news on the new platform. In the meantime, we can prepare a quote for you and show you around. Get Started Contact Us +44 (0) 20 7779 8260 hello.mb@fastmarkets.com Published Serife Durmus September 05, 2023 20:55 GMT Bursa, Turkey Related news {{article|snippet:'title'|removeHtmlTags}} {{article|fields:'dates'|date:dateArticleFormat}}