Al Yamamah Steel Industries Co (1304)

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News

23 April 03:21 PM Al Yamamah Steel begins commercial production of Jeddah Pipes factory

Riyadh – Mubasher: Al Yamamah Steel Industries Company highlighted that the first phase of the expansion of the Jeddah Pipes factory started commercial production in April 2024. In a bourse statement, the company noted that the financial impact is …

Companies Investments

8 February 04:01 PM Al Yamamah Steel turns profitable in Q1-23/24

Riyadh – Mubasher: Al Yamamah Steel Industries Company generated SAR 29.54 million in net profit during the first quarter (Q1) of fiscal year (FY) 2023/2024. The registered profits were against net losses valued at SAR 41.90 million in Q1-22/23, …

Financial Results

28 December 2023 10:42 AM Al Yamamah Steel’s losses leap 388% in FY22/23

Riyadh – Mubasher: The net losses after Zakat and tax of Al Yamamah Steel Industries Company hiked by 388.23% to SAR 130.14 million in fiscal year (FY) 2022/2023 from SAR 26.66 million in FY21/22. The revenues hit SAR 1.55 billion in the 12-month …

Financial Results

23 October 2023 00:31 PM Al Yamamah Steel rolls out SAR 186m agreement

Riyadh – Mubasher: Al Yamamah Steel Industries Company inked a contract with Al Sharif Group & KEC Limited Company to manufacture and supply electrical towers total amount of SAR 185.85 million. The two firms penned the 10-month agreement on 22 …

Companies Investments

2 July 2023 03:25 PM Al Yamamah Steel announces key board appointments

Riyadh – Mubasher: Al Yamamah Steel Industries Company has appointed Saad Ibrahim Al Mojil as the new Chairman of the board, upon the shareholder’s resolution on 7 June 2023 and the approval of the board on 25 June. The extraordinary general …

Corporate Actions

16 May 2023 06:49 PM Al Yamamah Steel turns to losses in H1-22/23

Riyadh – Mubasher: Al Yamamah Steel Industries Company shifted to a net loss after Zakat and tax worth SAR 59.79 million in the first half (H1) of fiscal year (FY) 2022/2023, against net profits of SAR 69.17 million in the same half a year …

Financial Results

5 February 2023 11:45 AM Al Yamamah Steel turns to SAR 42m losses in Q1-22/23 initial results

Riyadh – Mubasher: Al Yamamah Steel Industries Company shifted to net losses after Zakat and tax worth SAR 41.90 million in the first quarter (Q1) of fiscal year (FY) 2022/2023, versus net profits of SAR 34.01 million in Q1-21/22. Revenues hit SAR …

Financial Results

22 December 2022 05:53 PM Al Yamamah Steel shifts to net losses in FY21/22

Riyadh – Mubasher: Al Yamamah Steel Industries Company turned to net losses after Zakat and tax worth SAR 26.66 million in fiscal year (FY) 2021/2022, against net profits of SAR 207.83 million in FY20/21. In the 12-month period that ended on 30 …

Financial Results

20 November 2022 03:11 PM Al Yamamah Steel’s CEO resigns; Al Thobiti succeeds

Riyadh – Mubasher: The board of directors of Al Yamamah Steel Industries Company accepted the resignation of the company’s CEO, Yousef Saeed Mohammed Bazid, on 17 November 2022.  Meanwhile, Sahal Mekdar Kedran Al Thobiti will succeed Bazid, who is …

Corporate Actions

17 August 2022 07:05 PM Al Yamamah Steel records 58.5% lower profits in 9M-21/22

Riyadh – Mubasher: Al Yamamah Steel Industries Company posted a 58.43% year-on-year (YoY) drop in net profit after Zakat and tax to SAR 69.72 million during the first nine months (9M) of fiscal year (FY) 2021/2022, versus SAR 167.75 million. Sales …

Financial Results

16 May 2022 05:36 PM Al Yamamah Steel’s profits slide 32.5% in 6M; dividends announced

Riyadh – Mubasher: Al Yamamah Steel Industries Company has recorded net profits after Zakat and tax worth SAR 69.17 million during the first six months (6M) of fiscal year (FY) 2021/2022, an annual plunge of 32.63% from SAR 102.68 million. In the …

Financial Results

4 January 2022 00:13 PM Al Yamamah Steel inks SAR 292m contracts to supply steel towers

Riyadh – Mubasher: Al Yamamah Steel Industries Company has inked two contracts worth SAR 292 million ($78 million) with Hyundai Engineering & Construction Co to supply steel towers for electricity transmission lines. Under the 12-month …

Companies Investments

13 December 2021 00:36 PM Al Yamamah Steel records 310% rise in annual profits; dividends proposed

Riyadh – Mubasher: The net profits after Zakat and tax of Al Yamamah Steel Industries Company hiked by 310.28% to SAR 207.832 million during the year ended on 30 September 2021, compared to SAR 50.656 million in the year-ago period. Higher net …

Board of Directors

13 September 2021 05:57 PM Al Yamamah Steel announces updates on wind power systems plant

Riyadh – Mubasher: Al Yamamah Steel Industries Company announced the completion of design works and considering the contractors’ bids to execute civil and electromechanical works of the Al Yamamah Wind Power Systems Factory. The facility is …

Companies Investments

12 August 2021 02:35 PM Al Yamamah Steel’s 9M-20/21 profits jump 560%

Riyadh – Mubasher: Al Yamamah Steel Industries Company achieved a 560% surge in net profits after Zakat and tax to SAR 167.74 million in the first nine months (9M) of fiscal year (FY) 2020/2021 from SAR 25.40 million in the 9M period from October …

Financial Results

16 February 2021 09:51 AM Al Yamamah Steel nods to SAR 50.8m dividends

Riyadh – Mubasher: Al Yamamah Steel Industries Company’s ordinary general meeting (OGM) approved paying SAR 50.8 million or SAR 1 per share in cash dividends to shareholders for the period ended on 30 September 2020. The distributions represent …

General Assembly

9 February 2021 11:05 AM Al Yamamah Steel to hike annual pipe production capacity in Jeddah, Dammam plants

Riyadh – Mubasher: The board of directors of Al Yamamah Steel Industries Company approved raising the annual production capacity of Al Yamamah Pipes and Tubes Factories in Jeddah and Dammam to 360,000 tonnes from 276,000 tonnes. The expansion will …

Companies Investments

9 February 2021 10:35 AM Al Yamamah Steel to start executing wind power systems factory soon

Riyadh – Mubasher: Al Yamamah Steel Industries Company will start executing Al Yamamah Wind Power Systems Factory on 1 March 2021 at an estimated cost of SAR 293 million. The project will be 25% funded from the company's own resources, while local …

Companies Investments

8 February 2021 04:49 PM Al Yamamah Steel achieves SAR 42.7m in quarterly profits

Riyadh – Mubasher: Al Yamamah Steel Industries Company turned profitable in the quarter ended on 31 December 2020, achieving net earnings of SAR 42.67 million, versus net losses worth SAR 7.58 million in the prior-year period. The growing …

Financial Results

23 December 2020 09:13 AM Al Yamamah Steel plans SAR 50.8m dividends for FY19/20

Riyadh – Mubasher: Al Yamamah Steel Industries Company’s board recommended to distribute SAR 50.8 million in cash dividends to shareholders for the fiscal year (FY) ended on 30 September 2020. This amount represents SAR 1 per share or 10% of the …

Cash Dividends

29 November 2020 04:27 PM Al Yamamah Steel awarded SAR 202m deals by Larsen & Toubro

Riyadh – Mubasher: Al Yamamah Steel Industries Company has been awarded on Sunday two contracts from Larsen & Toubro Saudi Arabia (LTSA) worth SAR 103.5 million and SAR 98.8 million, respectively. Under the first deal, the steel manufacturer will …

Companies Investments

9 November 2020 00:25 PM Al Yamamah Steel reappoints Youssef Bazaid as CEO

Riyadh – Mubasher: The Board of Directors of Al Yamamah Steel Industries Company approved reappointing Youssef Saeed Bazaid as the company’s CEO. The appointment shall be effective starting as of 15 November 2020, according to a bourse statement …

Board of Directors

18 August 2020 11:14 AM Al Yamamah Steel swings to profits in Q3-19/20

Riyadh – Mubasher: Al Yamamah Steel Industries Company turned profitable in the third quarter (Q3) of fiscal year (FY) 2019/2020, achieving SAR 930,000 in net profits, against SAR 2 million in net losses in the same quarter a year earlier. The …

Financial Results

6 February 2020 04:53 PM Al Yamamah Steel narrows losses in Q4

Riyadh – Mubasher: Al Yamamah Steel Industries Company posted a decline in net profits for the fourth quarter (Q4) of 2019, as shown by its interim financial results. The net loss after Zakat and tax amounted to SAR 7.58 million in Q4-19, compared …

Financial Results

12 December 2019 11:19 AM Al Yamamah widens losses by 85%

Riyadh – Mubasher: Al Yamamah Steel Industries Company reported an increase in losses by 85.2% during the fiscal year (FY) that ended on 30 September 2019. Net losses after Zakat and tax amounted to SAR 39.88 million, compared with SAR 21.53 …

Financial Results