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Iron rolling.
Overview
The company was initially established in 2000 in Riyadh as a branch of a sole proprietorship under the name “Maan Bin Hamad Al-Jasser Factory for Rolling Iron”, with capital of SAR 1.178 million. In 2001, it was converted into a limited liability company under the name “Riyadh Rolling Iron Company Limited”, with capital of SAR 5 million. In 2005, the firm’s name was changed to “Riyadh Steel Co.”. In 2021, Riyadh Scrap Metal Company and Maan Bin Hamad Al-Jasser and Partners Company were merged into Riyadh Steel Co., and the company’s duration was increased to 99 years from 10 years. Following the merger, the company was converted into a closed joint-stock company.
The company is engaged in the purchase of processed scrap, manufacture of billet, angle and flat steel bars.
The company's revenues are generated from the sale of steel angles and flat bars, as it is one of the largest factories for producing steel bars in the Kingdom of Saudi Arabia.
Basic Information
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 2001 |
Commercial Register: | 1010167449 |
Website: | riyadhsteel.com.sa |
finance@riyadhsteel.com.sa | |
Phone | +966 11 269 4804 |
Fax | +966 11 269 7048 |
Address | Office No. 35 - Building No. 4578 - Al-Shuhada District - Imam Abdullah bin Saud bin Abdulaziz Road - Riyadh 13241 |
PO Box | 11383 |
Industry Peers
Watani Iron Steel Co. |
Molan Steel Co. |
Bena Steel Industries Co. |
Financials Highlights (M )
Description | Chart | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|---|
Sales | 134.20 | 156.10 | 144.74 | 110.83 | ||
Net Income | 11.14 | 5.09 | 4.48 | 2.00 | ||
Total Assets | 125.65 | 85.33 | 91.94 | 73.99 | ||
Total Shareholders' Equity | 74.93 | 64.34 | 59.99 | 44.17 |
Company Size
Trading Data
Stock Market : | NOMU |
Fiscal Year End : | December |
Free Float (M) : | 2.22 |
Free Float % : | 44.32 |
3M Average Volume : | 44,609 |
3M Average Transactions : | 137 |
Change(12M) % : | - |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Ahmed Hassan Ahmed Fetaihi | 0.75 | 15.00 % |
Haila bint Abdulaziz bin Abdullah Al-Anqari | 0.53 | 10.55 % |
Mai bint Hamad bin Mohammed Al Jasser | 0.53 | 10.55 % |
Maan bin Hamad bin Muhammad Al-Jasser | 0.48 | 9.64 % |
Noura bint Ibrahim bin Rashid Al Hamid | 0.28 | 5.63 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
Baida Al Yamamah Industrial | Saudi Arabia | 100.00 % |