Swicorp Acquires a 30 Percent Stake in BRC Industrial (MENA)

Source: Swicorp

Swicorp, a MENA-focused investment banking and asset management firm, has acquired a 30 percent stake in Saudi Arabia-based steel products manufacturing and processing company BRC Industrial. The transaction was structured through Sadeed Investment, a Swicorp-owned investment vehicle. BRC Industrial intends to strengthen its position in the domestic reinforcement steel and fencing markets. Financial details of the transaction were not disclosed.