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429 news items from Saudi Arabia. Show all
ArcelorMittal Tubular Products Jubail has secured full financial backing from leading commercial banks in Saudi Arabia for its heat treatment and advanced premium OCTG finishing line expansion. The expansion will add…
Saudi Arabia's Al Yamamah Steel Industries Co. reported a significant drop in net profit for the first half of fiscal year 2025, ended March 31. Net profit fell by nearly 56pct YoY to SAR 26.54 mln (USD 7 mln), driven…
Gas Arabian Services Company has been awarded contracts by Saudi Power Procurement Company for the development of gas pipeline infrastructure for two independent power plant (IPP) projects, the company announced in a…
Saudi Steel Pipe Co. (SSP) reported a 9.2pct decline in net profit for the first quarter of 2025, falling to SAR 69 mln (USD 56.6 mln), according to a disclosure filed with the stock exchange. The company attributed the…
The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70 (USD 19) per ton, bringing the new price to SAR 2,280 (USD 607) per ton. In…
Saudi Steel Pipe Co. (SSP) has signed a settlement agreement with the sellers of three land plots in Dammam, originally purchased in 2010. The agreement, finalized on April 28, nullifies the transaction, with the…
Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Al Khorayef, wrapped up an official visit to Indonesia, strengthening bilateral cooperation in mining and industrial development. The visit included…
Diriyah Company has awarded a USD 1.4 bln construction contract for the Royal Diriyah Opera House and surrounding developments. The joint venture of El Seif Engineering Contracting Co. Ltd. (ESEC), China State…
Arabian Pipes Company (APC) has secured a new supply contract with EPC contractor C.A.T. International LLC, according to a disclosure filed with the stock exchange. Valued at SAR 107 mln (USD 28.4 mln), the agreement…
Saudi Arabia's Al-Ittefaq Steel Products Company has officially joined the World Steel Association (Worldsteel) as a regular member, the industry body announced. The company will be represented by its CEO, Sharjeel…
Saudi Arabia's Miahona has announced that it has been awarded a contract to develop an industrial wastewater treatment plant in Jeddah's 1st Industrial City, as per the company's filing with the stock exchange. The USD…
Saudi Arabia's Molan Steel Co. reported a 48pct YoY increase in net losses for 2024, according to a stock exchange filing. The company posted a net loss of SAR 7.07 mln (USD 1.88 mln), up from SAR 4.78 mln in the…
Saudi Arabia's Bena Steel Industries Co. reported a significant rise in net profit for 2024, reaching SAR 10.68 mln (USD 2.84 mln), more than doubling from SAR 4.81 mln the previous year. The company attributed this…
Saudi Iron and Steel Company (Hadeed) has announced that long steel prices will remain unchanged for April deliveries. The company is offering rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm)…
Egypt's Orascom Construction and Spanish energy firm Tecnicas Reunidas have signed a USD 2.6 bln engineering, procurement, and construction (EPC) contract for the Qurayyah IPP expansion project in Saudi Arabia's Eastern…
The Gulf Cooperation Council (GCC) has announced the imposition of anti-dumping duties on imports of aluminum alloy flat products from China. According to the GCC's Bureau of Technical Secretariat for Anti-Injurious…
Riyadh Steel, a Saudi Arabian long steel producer, reported an 82pct YoY drop in net profit for 2024, according to its stock exchange filing. The company's net profit fell to SAR 1.99 mln (USD 0.53 mln) in 2024, down…
Kuwait's Heavy Engineering Industries and Shipbuilding Company (Heisco) has secured a significant contract for civil and mechanical work at Saudi Aramco's Abqaiq oil facilities in Eastern Saudi Arabia, according to a…
South Korea's Doosan Enerbility has signed a USD 612 mln contract with the Saudi Electric Power Corporation (SEPC) to build the 1.8 GW PP12 CCGT power plant, located 150 km northwest of Riyadh. The project includes…
Saudi Arabia's Group Five Pipe posted a significant surge in net profit, reaching SAR 38.5 mln (USD 10.2 mln) in 2024, compared to SAR 9.37 mln in the previous year, according to a stock exchange filing. Revenues more…
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