Al-Tuwairqi Group, a Saudi holding group, has acquired a steel manufacturer in Kent England out of administration.
At their height, Thamesteel was one of the fastest growing steel manufacturers in the UK with annual revenue of over £100 million, but went into administration earlier this year with the loss of more than 350 jobs. The sale will mean that steel production on the site can recommence.
To see a list of Saudi investors similar to Al-Tuwairqi Group, check Middle East Investors Directory
More details follows from the Independent
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