United Gulf Investment Corporation B.S.C (BAX:UGIC) acquired additional 12% stake in Gulf Ferro Alloys Company on December 21, 2014. United Gulf increased its stake to 75.68% from 63.68%.

United Gulf Investment Corporation B.S.C (BAX:UGIC) completed the acquisition of additional 12% stake in Gulf Ferro Alloys Company on December 21, 2014.