Molan Steel Co. (9553)

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News

10 August 04:29 PM Molan Steel to pursue reverse stock split following recent notification

Riyadh — Mubasher: Molan Steel Company recently announced it had received a notification from the Saudi Exchange (Tadawul) on 3 August 2026 regarding its average closing share price falling below the minimum required threshold. Under Paragraph (C) …

Trading Activities

7 July 08:42 PM Molan Steel shareholders nod for auditor appointment, dividend mandate

Riyadh – Mubasher: Molan Steel Company announced that its ordinary general assembly approved the appointment of Al Zoman, Al Fahad & Al Hajjaj for Professional Consulting as the company’s external auditor. The firm will audit the semi-annual and …

General Assembly

1 July 04:22 PM Molan Steel board recommends capital restructuring plan

Riyadh – Mubasher: Molan Steel Company, a prominent player in the Saudi industrial sector, has announced a comprehensive strategic plan to address its critical financial position after accumulated losses reached 99.21% of its SAR 26.60 million …

Company News

9 June 06:18 PM Merrill Lynch KSA market-making agreements terminated for certain Nomu-listed entities

Riyadh – Mubasher: The Saudi Exchange Company has officially announced the approval of a request from Merrill Lynch Kingdom of Saudi Arabia to terminate its market-making activities for four companies listed on the exchange. The cessation of these …

Management Decisions

26 May 01:51 PM Molan Steel secures loan from major shareholder

Riyadh – Mubasher: Molan Steel Company has entered into a formal financing agreement with its principal shareholder, Dar Al Takamul Holding Company, for an interest-free loan totaling SAR 15 million. The facility is strategically designed to …

Banking and Finance

8 January 2024 03:42 PM Molan Steel extends SAR 13m facility agreement

Riyadh – Mubasher: Molan Steel Company renewed a credit facilities agreement compatible with the provisions of Islamic Sharia with Al Bilad Bank at a value of SAR 13 million. The Saudi firm will use the loan to finance its working capital, …

Banking and Finance