27
Sep
15:27
Saudi approves Gulf Steel Works Factory IPO
Saudi Arabia’s Capital Markets Authority has approved Gulf Steel Works Factory (GSW)’s request to list 6,000 shares representing 30% of its share capital on the Saudi Stock Exchange.
GSW must conduct the initial public offering within six months, after which it would require to reapply for approval, Kallanish notes.
The Jubail-based structural steel fabricator also produces process equipment, weld overlay, storage tanks, and skids, as well as carr…
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Very good overview of the weekly steel market.
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