Tribune News Network
Doha
Industries Qatar (IQ), listed on the Qatar Exchange, has announced that Foulath Holding, its steel segment associate, received a non-binding offer for the acquisition of 100 percent of its share capital.
Foulath, based in Bahrain, is 25 percent owned by Qatar Steel Company, a wholly-owned subsidiary of IQ. The offer is subject to due diligence and other processes. Further details will be disclosed once the transaction progresses. This potential deal highlights strategic interest in expanding steel sector investments within the Gulf region.