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429 news items from Saudi Arabia. Show all
Saudi Arabia's Arabian Pipes Co. (APC) reported a net profit of SAR 168.18 mln (USD 44.8 mln) in 2024, reflecting a 27.3pct YoY increase, according to its stock exchange filing. The profit growth was driven by higher…
Molan Steel Co. plans to issue SAR-denominated sukuk, also commonly referred to as sharia compliant bonds, worth SAR 20 mln (USD 5.3), according to a statement to Tadawul. The company has appointed Afaq Financial as the…
DP World and the Saudi Ports Authority (Mawani) have inaugurated the South Container Terminal at Jeddah Islamic Port, marking a key milestone in DP World's USD 800 mln expansion program aimed at strengthening Saudi…
Hassan Allam Holding announced that its subsidiary, Hassan Allam Roads & Bridges, has been awarded the road and paving works for the Port of NEOM in Oxagon, Saudi Arabia. The project involves supplying and applying…
Saudi Arabia's Watani Iron Steel Co. (Watani Steel) reported a substantial increase in net profit for 2024, reaching SAR 9.86 mln (USD 2.62 mln), more than doubling from SAR 4.24 mln in the previous year. Revenue also…
Saudi Iron and Steel Company (Hadeed) has lowered its long steel prices by SAR 50 (USD 13) per ton for March deliveries. The new pricing sets rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm)…
Al Yamamah Steel Industries Co. has signed a contract with the Hyundai Engineering & Construction Company to supply steel towers, the company announced in a stock exchange filing. The towers will be used for the…
Al-Babtain Power and Telecommunication Co. has secured a SAR 622 mln (USD 165.7 mln) contract from Saudi Services for Electro Mechanical Works Company (SSEM) to supply steel towers for overhead transmission lines…
Kuwaiti real estate developer Mabanee Company announced that its Saudi subsidiary has signed two contracts for construction work on the second phase of The Avenues - Riyadh, a mixed-use development, with a total value…
Alghanim Industries, one of the largest privately owned companies in the MENA region, has begun construction on a new Kirby Building Systems manufacturing facility in Saudi Arabia. The plant, located in Sudair…
Al Yamamah Steel Industries Co. has signed a contract with the Branch of National Power Construction Corporation Limited (NPCC) to supply steel towers, the company announced in a stock exchange filing. The towers will…
Hyundai Engineering & Construction has secured a USD 389 mln contract from the Saudi Electricity Company to build 380kV transmission lines supporting solar power generation. The projects include two transmission…
Al-Babtain Power and Telecommunication Co. has signed a SAR 390 mln (USD 104 mln) contract with Larsen & Toubro (L&T) Saudi Arabia to supply steel towers for overhead transmission lines, according to a stock exchange…
Roshn Group, Saudi Arabia's leading multi-asset real estate developer and a PIF company, has announced new agreements worth SAR 1.5 bln (USD 400 mln) for construction, infrastructure, and retail development at Sedra…
International Maritime Industries (IMI), the largest maritime facility in the MENA region, has signed an agreement with ARO Drilling to construct a new offshore jack-up rig, KINGDOM 3. This deal strengthens the…
The Public Investment Fund (PIF) has acquired a 30pct stake in Masdar for Building Materials Company (Masdar) by subscribing to newly issued shares through a capital increase. PIF's investment will help Masdar enhance…
Saudi Arabia's East Pipes Integrated Company for Industry has signed multiple contracts to establish a new production line for Helical Submerged Arc Welded (HSAW) pipes at its factory in Dammam 2nd Industrial City, the…
Saudi Arabia will award more than 25 new projects this month and nearly half of them cover infrastructure, housing and industry, according to a local report. The Gulf Kingdom, which has been locked in a massive…
Saudi Steel Pipe Company (SSP) announced that its subsidiary, Global Pipe Company (GPC), has secured a contract worth approximately SAR 910 mln (USD 242.5 mln) to supply LSAW pipes for Saudi Aramco's Accelerated Carbon…
China Harbour Engineering Company (CHEC) has officially begun operations at its modular building factory for the Sedra housing project in Riyadh, Saudi Arabia. Spanning 200,000 square meters, the facility will produce…
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