Industries Qatar Company, “Industries Qatar” or “the Group”, one of the largest industrial companies in the region, with activities in the production of a wide range of petrochemicals, chemical fertilizers and iron and steel products, announced that the Company’s board of directors has approved in principle the proposed acquisition offer of the entire shares of Qatar Steel Reinforcing Company as acquired by its wholly owned subsidiary, Qatar Steel.
The completion of the transaction is subject to obtaining the required regulatory and other relevant approvals.
This, and more details about the acquisition project, will be disclosed in due course.
