Saudi Steel sets shining example

12/05/2012 07:55 AST

British Consul General Mohamed Shokat recently visited Saudi Steel plants at Jeddah industrial estate phase 4 at the invitation of Mohamed H. Zakaria, CEO of Saudi Steel and senior vice president of Ahmed Salem Bugshan Group.

The diplomat acknowledged Zakaria’s hosting of several UK diplomats stationed in Jeddah since early 1980s at different plants that he managed.

Mohamed Shokat was given a detailed power point presentation about Ahmed Salem Bugshan Group and Saudi Steel — a leading steel manufacturer in the region that included comprehensive market data on global and regional steel and soft drinks industry.

The diplomat showed keen interest in Saudi Steel’s successful Saudization program.

Shokat was also briefed about financing of several projects by British banks to the tune of US $ 100 million while negotiations for another US $ 50 million financing is in final stage.


Arab News

News

Saudi Steel in expansion upswing

04/02/2014

Saudi Steel has signed a memorandum of understanding (MoU) with OTO Mills, Italy to purchase a new tube mill line with an option to buy two more lines. The total deal is worth 8 million euros and is

Saudi Gazette

Saudi Steel achieves record production

26/03/2010

Saudi Steel Profile Co., a leading steel manufacturer in Saudi Arabia, has achieved record production capacity utilization by manufacturing 143,815 tons of hot rolled sheets and pipes/tubes at its SS

Arab News

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAFCO 69.21 264,269
RIBL 13.83 1,519,548
GCEM.UAE 1.08 0
KFIN 518.00 3,663,381
JARIR 177.89 111,251
YANSAB 71.78 332,322

Top Related Companies

Ticker Price Change
GLOBAL 0.00 0.00 (0.00%)
MARIN 0.00 0.00 (0.00%)
AINV 0.00 0.00 (0.00%)
TII 0.00 0.00 (0.00%)
IIC 0.00 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap