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Producing and manufacturing steel billets and rebar.
Overview
The company was established in 2008 as a limited liability company in Riyadh, with capital of SAR 2 million. Afterwards, it was converted into a joint-stock company.
The company’s core activity is the manufacture of steel. It operates through two units, steel billets unit and rebar unit. The company is also engaged in manufacturing primary steel products in the form of blocks of substrates and waste after being melted, as well as the manufacture of sheets, plates, strip coils, rods, angles, wires and clips of all shapes. The company is one of the leading steel manufacturers in Saudi Arabia and GCC.
Basic Information
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 2008 |
Commercial Register: | 1010255409 |
Website: | watanisteel.sa |
yalmarzooq@watanisteel.sa | |
Phone | +966 11 252 4444 |
Fax | +966 11 252 4401 |
Address | Kharj Road - Heet District - Riyadh 11383 |
PO Box | 355355 |
Industry Peers
Molan Steel Co. |
Bena Steel Industries Co. |
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | NOMU |
Fiscal Year End : | December |
Free Float (M) : | 85.67 |
Free Float % : | 47.16 |
3M Average Volume : | 109,774 |
3M Average Transactions : | 35 |
Change(12M) % : | (28.85) |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Abdul Karim Muhammad Abdulaziz Al-Rajhi | 63.43 | 34.92 % |
Yousef M. Al-Tarif | 30.81 | 16.96 % |
Abdullah Almunajem Sons Co. | 9.08 | 5.00 % |
Kafaa real estate co | 9.08 | 5.00 % |
Fahd abdolmouhsin abdorahaman al fadli | 9.08 | 5.00 % |
Milestones
17-02-2021
06-05-2020
Converted into a closed joint- stock company with a capital of SAR 121 mln
31-10-2018
Reduced capital from 130 million riyals to 121 million riyals
11-07-2017
Reduced capital from 180 million riyals to 130 million
01-12-2015
Raised capital from 130 million riyals to 180 million riyals through transfer of credit balances to partners' checking accounts
03-07-2013
Raised capital from 80 million riyals to 120 million riyals through in-kind shares
19-02-2013
Raised capital from 120 million riyals to 130 million riyals through in-kind shares
20-01-2012
Raised capital from 2 million riyals to 80 million riyals by transferring the partners' current account to the capital
24-08-2008
The company was established in the name of Watani Steel as a limited liability company with a capital of 2 mln SAR
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