Since 1902

Clarification on Mabati Rolling Mills ownership

In the February 4, 2020 issue of the Financial Standard, we inadvertently listed Mabati Rolling Mills (MRM) as part of the Devki portfolio.

The correct position is that MRM is owned by the Safal Group, and was founded in 1962. The company manufactures steel products from which it produces a range of building solutions. We regret the mix-up and apologise to MRM management and customers.