Al Yamamah Steel says 24h curfew in some cities to affect revenues

09/04/2020 Argaam

 

Al Yamamah Steel Industries Co.’s business segments are still operating, but the 24-hours curfew directive in some cities of the Kingdom might impact the company’s revenues.

 

The company said in a bourse statement on Thursday that it is difficult to determine the exact financial impact at present, adding any further developments will be announced in due course.

 

On the private sector’s support packages, Al Yamamah Steel said it is working closely with relevant authorities to identify the support mechanism and feasibility.

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