RIYADH: Posco is set to sell a stake of at least 30 per cent in unlisted Posco Engineering & Construction for around 1 trillion won ($920 million) to Saudi Arabia’s Public Investment Fund.
A deal is expected to be signed by end of this month or sometime next month.
A spokesman for Posco Group said a stake sale was being considered but nothing has been decided.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
