Molan Steel Co. (9553)

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News

7 July 05:42 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 …

Corporate Actions

1 July 01:22 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 …

General Assembly

9 June 03:18 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 …

Company News

26 May 10:51 AM 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 …

Companies Investments

8 January 2024 00:42 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