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429 news items from Saudi Arabia. Show all
Advanced Building Industries Co. (SENAAT), part of Saudi Arabia's industrial sector, plans to list three subsidiaries, focused on insulation, steel, and air-conditioning, on the Saudi Exchange (Tadawul), Chairman…
Zamil Industrial has completed all formalities to change its name to Advanced Building Industries Co (SENAAT), marking a key step in its strategic transformation. The company said the new identity reflects its evolution…
ArcelorMittal Tubular Products Al-Jubail (ArcelorMittal TPJ) and Jubail Energy Services Company (JESCO) have closed a USD 1.4 bln strategic financing package to support their major heat treatment and advanced premium…
Molan Steel Co. has filed a lawsuit against Yara International Ltd. before the Riyadh Commercial Court seeking to annul its SAR 34.88 mln (USD 9.3 mln) acquisition of Mayar International Industry Co. The company claims…
ArcelorMittal Tubular Products Al-Jubail (TPJ), one of Saudi Arabia's most advanced industrial facilities, has completed the discovery phase of a warehouse optimization project in partnership with Sigma Software. The…
The Saudi Iron and Steel Company (Hadeed) has lowered long steel prices by SAR 75 (USD 20) per ton for October production. Under the new pricing, rebar (12-32 mm) is set at SAR 2,055 (USD 548) per ton, while wire rod…
HD Hyundai will expand its shipbuilding cooperation with Saudi Arabia following talks between Executive Vice Chairman Chung Kisun and Saudi Investment Minister Khalid Al-Falih. The discussions focused on advancing the…
Saudi Arabia's East Pipes Integrated Company for Industry has issued a SAR 173.2 mln (USD 46.1m) related-party purchase order to Welspun Corp Limited (WCL) for the supply of steel pipes, the company said in a stock…
Perma-Pipe International Holdings, Inc. announced that its Saudi Arabian unit has received formal technical and commercial approval from Saudi Aramco, the world's largest oil company. The company said this milestone…
Saudi-based Naqi Water, a producer and bottler of purified drinking water, has signed a SAR 4.2 mln (USD 1.2m) contract with Middle East Factory for Machines Co. (MEMCO) to supply and install a stainless-steel…
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 International Ltd., ordering the company to pay SAR 17.88 mln (USD 4.76 mln). Other…
Subsea7, a global leader in offshore projects and services for the energy industry, announced it has been awarded a major project by Aramco under their long-term agreement (LTA) for facilities located offshore Saudi…
Dar Al Majdiah Real Estate Company has signed two contracts with Tatweej Contracting to develop residential projects in Riyadh and Jeddah under the National Housing Company (NHC) program. The Adeem Al-Fursan project in…
A consortium of Veolia, Marafiq, Lamar, and Satorp, a Saudi Aramco and TotalEnergies joint venture, will develop a project to treat and recycle all industrial wastewater in Saudi Arabia's Jubail Industrial City, Veolia…
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 a stock exchange disclosure. Backed by a promissory note, the financing…
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, according to a statement to the Saudi stock exchange. The…
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 80pct YoY to SAR 980,653 (USD 261,133), while revenue…
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 company's first overseas steel base. Located in Ras al-Khair Industrial…
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 earlier, its stock exchange filing showed. Sales revenue dropped 16.5pct YoY to SAR 33.2m (USD…
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 a stock exchange filing. Net profit slipped to SAR 2.45 mln (USD 0.65m) from SAR…
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