Oman-based Al Jazeera Steel Products Co. SAOG reported a 77pct YoY jump in net profit for the first nine months of 2025, according to its unaudited financial results.
Net profit rose to OMR 6.48 mln (USD 16.8 mln), compared with OMR 3.9 mln in the same period last year. Revenue increased 6pct YoY to OMR 114.3 mln (USD 297 mln), up from OMR 108.3 mln a year earlier.
Operating expenses for the period grew 3pct to OMR 107.8 mln (USD 280 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
