Al Jazeera Steel's profit falls despite higher sales in Jan-Sep

Oman's Al Jazeera Steel Products Co. SAOG reported an 8pct YoY decline in net profit after tax to OMR 5.99 mln (USD 15.8 mln) in January-September 2026, according to its initial unaudited financial results.

The company's sales value increased by 3pct YoY to OMR 117.6 mln (USD 309.5 mln), while total expenses rose by 3pct to OMR 111.6 mln (USD 293.7 mln).

Al Jazeera Steel Products Co. SAOG is a Middle Eastern manufacturer of tubular products, merchant sections and rebars. Its facilities include four tube-making lines with a combined capacity of 300,000 tons per annum and a merchant bar mill with a capacity of 300,000 tons per annum. The company exports to more than 40 countries across the Middle East, Africa, Europe and North America. It has also expanded its manufacturing footprint with a new production facility at KEZAD in the UAE.

1 USD / 0.38 OMR