Omani pipe maker Al Jazeera Steel Products has announced its plans to list its shares in Dubai. It approved the cross listing in Dubai and will seek permission from the shareholders and regulators.
Al Jazeera is controlled by Kuwait’s Global Investment House after it 51% of the pipe manufacturer for USD 26 million in 2007. Al Jazeera Steel shares have doubled in 2008 as demand for pipes from the regional construction industry has grown.
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