Foulath vice chairman appointed as Arab Iron and Steel Union chairman

The appointment of Mr. Al-Qadeeri was made on the occasion of the 104th meeting of the Union's Board of Directors recently held in the Kingdom of Bahrain. The Arab Iron and Steel Union is the largest regional Arab conglomerate of Iron & Steel producers and users, comprising more than 80 companies from 16 Arab states.

Mr. Al-Qadeeri is an industry veteran with more than 30 years of experience in the regional and international steel industry. As Vice Chairman and Managing Director of Foulath, a dedicated investor from mine to metals, he has played an important role in the development of the steel industry across the regional markets. Mr. Al-Qadeeri, said, "I am deeply honoured by this appointment and the opportunity to assume the Chairmanship of the Union, which continues to play an important role in supporting the further development of the Arab world's steel industry. I am especially pleased that this is an honour bestowed upon me by our peers. The Union is at the forefront of fostering dialogue on key issues impacting the industry - both on a regional and global level - and of launching initiatives to support the growth of its members. I look forward to working with the Union's Secretary General and Board of Directors across the Arab world in the coming months."