02
Dec
15:21
Welspun’s Saudi mill gears up for IPO
Welspun Middle East Pipes Company (WMEP) plans to list on the Saudi Stock Exchange (Tadawul), with board and shareholders’ approval already received, Kallanish learns from Indian joint venture partner Welspun.
Welspun Corp will divest 15% of its stake in the Saudi JV at a pro-rata consideration exceeding $30 million, with proportionate shares to be divested by the local JV partner. The listing and divestment are subject to regulatory approvals in Saudi Arabi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous