Investment25 Nov 2025, 07:17 pm
Rama Steel Tubes Ltd Approves AED 10 Million Working Capital Loan and Equity Infusion in Wholly Owned Subsidiary RST International Trading FZE
AI Summary
Rama Steel Tubes Ltd has approved a working capital loan of AED 10 million and equity infusion in its wholly owned subsidiary, RST International Trading FZE (U.A.E). The equity infusion, amounting to AED 36 millions for 36000 shares of AED 1000 each, aims to support the subsidiary’s expansion plans, explore additional business opportunities, and facilitate future growth initiatives. The loan and equity infusion are expected to be completed in 4-6 months.
Key Highlights
- Rama Steel Tubes Ltd has approved a working capital loan of AED 10 million for its wholly owned subsidiary, RST International Trading FZE (U.A.E)
- The company will also infuse AED 36 millions in the subsidiary by acquiring 36000 shares of AED 1000 each
- The proposed investment aims to support the subsidiary’s expansion plans, explore additional business opportunities, and facilitate future growth initiatives
- The loan and equity infusion are expected to be completed in 4-6 months
- RST International Trading FZE (U.A.E) is engaged in the trading of basic steel and non-ferrous metal products, building and construction materials, reinforcement steel bars, pipes and fittings, industrial equipment and spare parts, refrigeration and cold-storage equipment, water heating and cooling equipment, and construction machinery