Established in June 2008 in the Kingdom of Bahrain, Foulath Holding B.S.C (c) (“Foulath”) is an investment vehicle and holding company primarily focused on investing in the growth of the steel industry in the Gulf Cooperation Council (GCC) countries and broader Middle East and North Africa (MENA) region.

With investments at a current market value in excess of $3.5 billion, Foulath has established companies across the entire steel value chain from “Mine to Metal” and has developed the world’s only fully integrated single site steel complex, which is located in Bahrain’s Hidd Industrial Area on 1.3 million square metres of land. In doing so, Foulath is a market leader and is quickly moving towards becoming one of the most competitive steel producers globally.

The Company’s activities are contributing to the development of the region’s steel industry through the transfer or expertise and know-how gained from its subsidiaries and partnerships with leading international steel companies and other technical partners.

Foulath’s investments further serve to enhance the stability and security of steel supplies both to regional markets, where steel remains a critical component of all construction and infrastructure development, as well as to the global customers it serves.

Through its investments in the regional markets and unique projects that add value, Foulath is also helping to strengthen the industrial base of the Middle East economies and support efforts to achieve greater economic diversification.

At present, Foulath’s investee companies include: Bahrain Steel, a world-class pelletizing company, which is one of three merchant plants in the world and the only one located in the Middle East, United Stainless Steel Company (USCO), the region’s first manufacturer of stainless steel, and United Steel Company (SULB), which will be the region’s only producer of beams and medium and heavy structural steel sections.

Together these companies make Foulath one of Bahrain’s largest employers. At present, the Company has approximately xxx employees, of which xx % are Bahrain nationals. Over the next two years, this number is set to increase to an expected workforce of 1,700, of which more than 65% will be Bahraini nationals, making Foulath the Kingdom’s single largest employer.

Plans are also underway for the launch of Foulath Egypt and Foulath Oman, where the Company intends to establish a total of three pelletizing plants. Two plants are planned for Egypt and the third in Oman.