On June 25, 2026, Al Yamamah Steel Industries Company announced an update regarding the capital increase subscription of its subsidiary, Al Yamamah Company for Reinforcing Steel Bars. The subsidiary's Extraordinary General Assembly approved issuing 25 million new shares at SAR 12 per share to strengthen financial position and finance the second phase plant construction. Al Yamamah Steel Industries will subscribe to 6.3 million shares for SAR 75,600,000 using own resources, reducing its ownership stake from 72.5% to 51% following the capital increase.

Original announcement:

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