Thursday, September 18, 2025
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    Saudi Arabia

    Molan Steel ordered to settle outstanding dues to Yara International

    Saudi Arabia's Molan Steel Co. said it has received a preliminary judgment from the Commercial Court in Riyadh in a case filed by Yara...

    Subsea7 secures major Aramco offshore contract

    Subsea7, a global leader in offshore projects and services for the energy industry, announced it has been awarded a major project by Aramco under...

    Al Majdiah awards contracts for housing project in Riyadh and Jeddah

    Dar Al Majdiah Real Estate Company has signed two contracts with Tatweej Contracting to develop residential projects in Riyadh and Jeddah under the National...

    Veolia-led consortium to build wastewater recycling plant in Jubail

    A consortium of Veolia, Marafiq, Lamar, and Satorp, a Saudi Aramco and TotalEnergies joint venture, will develop a project to treat and recycle all...

    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...
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