Oman’s Al Jazeera Steel Products Co. SAOG reported a strong improvement in profitability for the fiscal year ended 31 December 2025, according to its unaudited financial results.
The company’s net profit rose 35pct YoY to OMR 9.59 mln (USD 24.9 mln), compared with OMR 7.09 mln in 2024. Revenue increased by 3pct to OMR 150.4 mln (USD 390.8 mln), up from OMR 146.6 mln a year earlier, while total expenses edged up by 1pct to OMR 140.85 mln (USD 366 mln).
Al Jazeera Steel Products Co. SAOG is a leading manufacturer of tube and structural steel in the Middle East. The company’s facility produces tubular products, merchant sections, and rebars, with four tube-making lines having a total capacity of 300,000 tons per annum. Additionally, the merchant bar mill has a capacity of 300,000 tons per annum. In addition to serving its domestic market, the company exports its products to 25 countries worldwide, including the USA, Canada, Australia, Germany, and other European Union countries.
1 USD / 0.38 OMR
