Thursday, September 11, 2025
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    Saudi Arabia

    Watani Steel renews credit facility with Alinma Bank

    Watani Iron Steel Co. (Watani Steel) has renewed a Shariah-compliant bank facility worth SAR 25 mln (USD 6.65 mln) with Alinma Bank, according to...

    Ladun Investment wins contract for Riyadh housing project

    Ladun Investment Company has secured a sub-development contract worth about USD 119 mln to build 400 residential villas within the Mashriqiya project in Riyadh,...

    Bena Steel posts sharp profit drop in H1 2025

    Saudi Arabia's Bena Steel Industries Co. reported a sharp decline in first-half 2025 earnings, according to a stock exchange filing. Net profit dropped more than...

    Baosteel advances USD 4bln steel plate complex in Ras Al-Khair

    China's Baoshan Iron and Steel Co. (Baosteel) said construction is advancing on its USD 4 bln integrated steel plate complex in Saudi Arabia, the...

    Molan Steel posts wider H1 loss on acquisition costs

    Saudi Arabia's Molan Steel Co. reported a net loss of SAR 2.8 mln (USD 0.74mln) in H1 2025, compared with SAR 2.49mln a year...

    Riyadh Steel posts lower profit in H1 2025

    Riyadh Steel, a Saudi Arabian long steel producer, reported a 3.2pct YoY decline in net profit for the first half of 2025, according to...

    Hadeed keeps long steel prices flat for September output

    The Saudi Iron and Steel Company (Hadeed) has left its long steel prices unchanged for September production. The company's rebar (12-32 mm) remains at SAR...

    Kobe Steel to build technical service hub in Jubail

    Kobe Steel will set up Kobelco Machinery Solution Arabia (KMSA) in Jubail Industrial City to strengthen its support for Saudi Arabia's fast-growing petrochemical and...

    Zamil Industrial returns to profit in H1 2025

    Saud Arabia's Zamil Industrial Investment returned to profitability in the first half of 2025, supported by higher sales across all business segments and effective...

    Group Five Pipe’s profit surges in H1 2025

    Saudi Arabia's Group Five Pipe posted a sharp rise in net profit for the first half of 2025, its financial statement showed. Net profit jumped...
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