Friday, October 31, 2025
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Saudi Arabia

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....

Arabian Pipes reports 37pct drop in Q3 profit on lower sales volumes

Saudi Arabia's Arabian Pipes Co. (APC) reported a 36.7pct YoY decline in net profit for the third quarter of 2025, citing weaker sales volumes,...

Masdar secures solar projects in Jizan and Najran

UAE's Abu Dhabi Future Energy Company PJSC (Masdar), a global clean energy leader, announced it has been awarded two solar photovoltaic (PV) projects, with...

Hadeed unveils long steel prices for November

The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for November production. The company's rebar (12-32 mm) prices have been increased...

Group Five Pipe to expand spiral pipe capacity

Group Five Pipe Saudi Co. has approved an expansion plan to boost its spiral pipe production capacity, the company announced in a stock exchange...

Construction boom fuels steady growth in domestic steel demand – report

Saudi Arabia's ongoing construction boom continues to drive strong demand for steel, positioning the sector as a key beneficiary of Vision 2030's infrastructure and...

Systemair opens new ventilation production facility in Riyadh

Systemair Saudi Arabia, part of the global Systemair Group operating in 51 countries, has inaugurated a fully owned ventilation production facility in Riyadh. Built on...

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