Press Related Coverages - Gulf Investment Corporation

MEDIA COVERAGE REPORT
FOULATH VICE CHAIRMAN & MANAGING DIRECTOR APPOINTED
CHAIRMAN OF ARAB IRON AND STEEL UNION
June 2012
Presented by:
Bahrain
Gulf Daily News
Daily Tribune
Al Ayam
Akhbar Al Khaleej
Al Watan
Al Wasat
Al Bilad
Kuwait
Al Syassah
KSA
Arab News
Online
Zawya.com
MEED
Ameinfo.com
Client Name: FOULATH
Publication Name: Gulf Daily News
Description: English Daily Newspaper, Bahrain
Date: 04/06/2012
Client Name: FOULATH
Publication Name: Daily Tribune
Description: English Daily Newspaper, Bahrain
Date: 04/06/2012
Client Name: FOULATH
Publication Name: Al Ayam
Description: Arabic Daily Newspaper, Bahrain
Date: 04/06/2012
Client Name: FOULATH
Publication Name: Akhbar Al Khaleej
Description: Arabic Daily Newspaper, Bahrain
Date: 04/06/2012
Client Name: FOULATH
Publication Name: Al Watan
Description: Arabic Daily Newspaper, Bahrain
Date: 04/06/2012
Client Name: FOULATH
Publication Name: Al Wasat
Description: Arabic Daily Newspaper, Bahrain
Date: 05/06/2012
Client Name: FOULATH
Publication Name: Al Bilad
Description: Arabic Daily Newspaper, Bahrain
Date: 05/06/2012
Client Name: FOULATH
Publication Name: Al Seyassah
Description: Arabic Daily Newspaper, Bahrain
Date: 05/06/2012
Client Name: FOULATH
Publication Name: Arab News
Description: English Daily Newspaper, KSA
Date: 03/06/2012
Client Name: FOULATH
Publication Name: Zawya.com
Description: Online Portal
Date: 03/06/2012
Foulath Vice Chairman & Managing Director Appointed
Chairman Of Arab Iron And Steel Union
Vice Chairman and Managing Director, Mr. Khalid Al-Qadeeri has been appointed Chairman of the Arab Iron
and Steel Union (AISU).
(MANAMA, June 03, 2012) - ("Foulath"), a leading global steel investment vehicle and
holding company and the world's first fully integrated steel producer from pelletizing
till final product including stainless steel facility constructed at a single site,
announced that its Vice Chairman and Managing Director, Mr. Khalid Al-Qadeeri has
been appointed Chairman of the Arab Iron and Steel Union ( AISU ).
The appointment of Mr. Al-Qadeeri was made on the occasion of the 104 meeting
th
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.
"We are delighted to announce the appointment of Mr. Khalid Al-Qadeeri as
Chairman of the Arab Iron and Steel Union for the forthcoming term, said Mr.
Mohamed Laid Lachgar, Secretary GeneralAISU . Mr. Al-Qadeeri's contributions to the
industry over the past three decades will bring considerable benefits to the Union
and our members as we work to meet the opportunities and challenges ahead of us."
Mr. Al-Qadeeri, added: "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."
Foulath has under its umbrella, GIIC, SULB and USCO. GIIC is one of four merchant
pelletizing plants in the world, USCO is the region's first manufacturer of stainless
steel, and SULB is the region's only producer of light, medium and heavy sections
and beams.
Foulath's shareholders are Gulf Investment Corporation (GIC), Kuwait, which is the
Company's 50% shareholder and is owned equally by the six governments of the
GCC. They also include Qatar Steel Company, Qatar, Mohammed Abdulmohsin AlKharafi & Sons Company, Kuwait, National Industries Holding Group, Kuwait and
Kuwait Foundry Company, Kuwait.
Client Name: FOULATH
Publication Name: Zawya.com
Description: Online Portal
Date: 03/06/2012
Client Name: FOULATH
Publication Name: MEED
Description: Online Portal
Date: 03/06/2012
Client Name: FOULATH
Publication Name: Ameinfo.com
Description: Online Portal
Date: 03/06/2012
Foulath Vice Chairman and Managing Director
appointed Chairman of Arab Iron and Steel Union
Foulath, a global steel investment vehicle and holding company and the world's first
fully integrated steel producer from pelletizing till final product including stainless
steel facility constructed at a single site, announced that its Vice Chairman and
Managing Director, Mr. Khalid Al-Qadeeri has been appointed Chairman of the
Arab Iron and Steel Union (AISU).
Vice Chairman and Managing Director, Mr. Khalid Al-Qadeeri.
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.
"We are delighted to announce the appointment of Mr. Khalid Al-Qadeeri as
Chairman of the Arab Iron and Steel Union for the forthcoming term, said Mr.
Mohamed Laid Lachgar, Secretary General AISU. Mr. Al-Qadeeri's contributions to
the industry over the past three decades will bring considerable benefits to the
Union and our members as we work to meet the opportunities and challenges
ahead
of
us."
Mr. Al-Qadeeri, added: "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."
Foulath has under its umbrella, GIIC, SULB and USCO. GIIC is one of four
merchant pelletizing plants in the world, USCO is the region's first manufacturer
of stainless steel, and SULB is the region's only producer of light, medium and
heavy
sections
and
beams.
Foulath's shareholders are Gulf Investment Corporation (GIC), Kuwait, which is
the Company's 50% shareholder and is owned equally by the six governments of
the GCC. They also include Qatar Steel Company, Qatar, Mohammed
Abdulmohsin Al-Kharafi & Sons Company, Kuwait, National Industries Holding
Group, Kuwait and Kuwait Foundry Company, Kuwait.