Tuesday, November 18, 2025
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Saudi Arabia

Al Yamamah Steel backs subsidiary’s billet plant plan with new investment

Al Yamamah Steel Industries Company will take part in the planned capital increase of its subsidiary, Al Yamamah Company for Reinforcing Steel Bars, to...

Al Yamamah Steel awarded tower supply contract for Western region power line project

Saudi Arabia's Al Yamamah Steel Industries announced that it has secured a SAR 176.48 mln (USD 47 mln) contract to supply steel towers, according...

ISPC secures ECAS certification for rebar exports to UAE

Saudi Arabia's Al-Ittefaq Steel Products Company (ISPC) has received formal approval for its rebar products under both the Emirates Conformity Assessment Scheme (ECAS) and...

Molan Steel seeks regulatory approval for rights issue to fund expansion

Molan Steel Co. has submitted an application to the Capital Market Authority (CMA) to increase its capital through a rights issue, the company said...

Watani Steel swings to loss in Jan-Sep 2025

Saudi Arabia's Watani Iron and Steel Co. (Watani Steel) reported a net loss of SAR 3.5 mln (USD 0.93 mln) for the first nine...

ArcelorMittal TPJ appoints new CEO

ArcelorMittal Tubular Products Al-Jubail (ArcelorMittal TPJ) has appointed Laurent Dubedout as its new Chief Executive Officer, the company said in a statement. Dubedout brings extensive...

East Pipes reports higher H1 FY26 profit on stronger sales

Saudi Arabia's East Pipes Integrated Company for Industry reported a 37.5pct YoY rise in net profit to SAR 248.8 mln (USD 66 mln) for...

SSP’s profit slips in Jan-Sep 2025 on lower sales volumes

Saudi Steel Pipe Co. (SSP) reported a 7pct YoY decline in net profit for the first nine months of 2025, reaching SAR 198 mln...

Group Five, SWCC revise Ras Al Khair steel pipeline contract to expedite completion

Saudi Arabia's Group Five Pipe Saudi Co. announced that it has mutually agreed with the Saline Water Conversion Corporation (SWCC) to reduce the total...

Lenovo to launch major manufacturing hub in Riyadh

Lenovo is nearing completion of one of its largest and most advanced manufacturing facilities in Riyadh, marking a key milestone in its regional expansion....

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