Logo of Al Yamamah Steel Industries Co.
Al Yamamah Steel Industries Co. announced that the extraordinary general assembly of Al Yamamah Company for Reinforcing Steel Bars, a subsidiary, approved the board’s capital hike proposal, which will bring Al Yamamah Steel’s ownership stake to 51% upon completion. 
The transaction, which remains subject to obtaining the necessary regulatory approvals, will cut Al Yamamah Steel’s ownership stake from 72.5% pre-capital increase, according to a statement to Tadawul.
The subsidiary’s planned capital hike will be carried out through the issuance of 25 million new shares in a SAR 12/share rights offering that will raise capital by SAR 300 million to stand at SAR 600 million. Al Yamamah Steel is participating by subscribing to 6.3 million shares, totaling SAR 75.6 million, to be self-funded.
Al Yamamah Steel’s board approved, in November 2025, subscribing to its subsidiary’s planned capital top-up, according to Argaam’s data.
Logo of Al Yamamah Steel Industries Co.
Al Yamamah Steel Industries Co. announced that the extraordinary general assembly of Al Yamamah Company for Reinforcing Steel Bars, a subsidiary, approved the board’s capital hike proposal, which will bring Al Yamamah Steel’s ownership stake to 51% upon completion.
The transaction, which remains subject to obtaining the necessary regulatory approvals, will cut Al Yamamah Steel’s ownership stake from 72.5% pre-capital increase, according to a statement to Tadawul.
The subsidiary’s planned capital hike will be carried out through the issuance of 25 million new shares in a SAR 12/share rights offering that will raise capital by SAR 300 million to stand at SAR 600 million. Al Yamamah Steel is participating by subscribing to 6.3 million shares, totaling SAR 75.6 million, to be self-funded.
Al Yamamah Steel’s board approved, in November 2025, subscribing to its subsidiary’s planned capital top-up, according to Argaam’s data.
