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Global Trade Alert

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Saudi Arabia: PIF invests USD 3.3 billion towards the acquisition of two steel firms

Description

On 3 September 2023, the Public Investment Fund (PIF) announced the acquisition of the Saudi Iron & Steel Company (Hadeed) from the Saudi Basic Industries Corporation (SABIC). The share purchase a...

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Intervention Details

Intervention Type

Equity stake

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

03 Sep 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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