GrowthGate divests minority stake in Roots Steel

by Times News Service/ONA
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Muscat: GrowthGate, a growth investment company operating in the Gulf Cooperation Council (GCC) markets and the wider Middle East and North African (Mena) region, has announced the exit of its investment in Roots Steel International (RSI) with the signing of the definitive sale agreement. GrowthGate sold its minority stake in RSI to a consortium of majority shareholders.

This was the first exit for GrowthGate amongst its Saudi investments, said a company statement.


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