Saudi PIF Considers Steel Pipe Capital Investment
Posted on 07/05/2018
Saudi Arabia’s Public Investment Fund (PIF) is contemplating whether to commit up to US$ 300 million in a steel pipe factory co-owned by steel giant ArcelorMittal. PIF already owns a 20% stake in the ArcelorMittal Tubular Products Jubail, which is in a troubled financial position. PIF could own up to 40% of the ArcelorMittal Tubular […]
