Investment25 Nov 2025, 07:10 pm
Rama Steel Tubes Ltd Boosts Subsidiary with AED 36 Million Investment and AED 10 Million Loan
AI Summary
Rama Steel Tubes Ltd held a Board Meeting on November 25, 2025, where they approved a further investment in their Wholly Owned Subsidiary, RST International Trading FZE (U.A.E), by way of acquisition of shares worth AED 36 million. The Board also approved a working capital loan of AED 10 million to the subsidiary. RST International Trading FZE is engaged in the trading of basic steel and non-ferrous metal products, building and construction materials, and more. The proposed equity infusion will support the subsidiary’s expansion plans, explore additional business opportunities, and facilitate future growth initiatives.
Key Highlights
- Rama Steel Tubes Ltd approved a further investment of AED 36 million in RST International Trading FZE (U.A.E) through share acquisition.
- The Company also approved a working capital loan of AED 10 million to the subsidiary.
- The proposed equity infusion aims to support the subsidiary’s expansion plans, explore additional business opportunities, and facilitate future growth initiatives.
- RST International Trading FZE is a Wholly Owned Subsidiary of Rama Steel Tubes Ltd and is engaged in various trading activities.
- The investment and loan are expected to be completed in 4-6 months.