Rama Steel Tubes Ltd to Invest AED 36 Million in Wholly Owned Subsidiary RST International Trading FZE

Rama Steel Tubes Ltd has announced its decision to invest AED 36 million in its wholly owned subsidiary, RST International Trading FZE (U.A.E), by acquiring 36000 shares of AED 1000 each. The acquisition is expected to be completed in 4-6 months and will support the subsidiary’s expansion plans, explore additional business opportunities, and facilitate future growth initiatives. The Company currently holds 100% stake in RST International Trading FZE. The subsidiary 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. RST International Trading FZE was incorporated on 18/02/2015 and its turnover for the last three years is as follows: FY 2022-23: AED 55503432, FY 2023-24: AED 2426267, FY 2024-25: AED 6823661. The subsidiary is based in Dubai, U.A.E.