Riyadh – Mubasher: Titanium Steel & Manufacturing Co, a wholly-owned subsidiary of Saudi Steel Pipe Company, has closed the transaction to sell its main operating assets to Koch Chemical Technology Group Saudi Arabia Limited.

After obtaining all required approvals, the transaction was completed on 30 September 2021, according to a bourse filing on Sunday.

It is noteworthy to mention that in April, Titanium Steel inked the agreement to sell its main operating assets to Koch Chemical Technology Group in exchange for $9.7 million (SAR 36.3 million).