Logo design of Al Yamamah Steel Industries Co.
Al Yamamah Steel Industries Co. released business operation of stage among the growth of the Jeddah pipelines plant this month, according to a declaration to Tadawul
The business anticipates the associated monetary effect to look like of Q3 2024.
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The business’s board of directors authorized, on Feb. 8, 2021, increasing the yearly production capability of pipeline and tube plants in Jeddah and Dammam, at the expense of SAR 33 million. It anticipated that business operations would start in Q2 2022, according to Argaam‘s information.
The business kept in mind in the board’s report for 2023 that the operation of the very first stage of the growth of the Jeddah pipelines plant will start in Q2 2024.