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FINANCIAL NEWS
ArcelorMittal, Sider sign development agreement
06 Oct 2013
(MENAFN) ArcelorMittal, a leading steel producer, inked a deal to sell 51 percent of its shares in El Hajar complex to Algerias steelmaker, Sider, Xinhua reported.
Steel production at the complex will increase by over 100 percent hitting 2.2 million tons per year in five years, going up from one million tons per year.
ArcelorMittal and Sider had recently signed a USD763 million contract to develop steel facilities and mines in the North African country.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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