Al Yamamah Company for Reinforcing Steel Bars was established in 2003 with paid Capital of 300 Million.
The primary objective is to set up an integrated Steel Plant for an annual production of more than 1.5 million tons of Reinforcing Steel to support the on-going construction activities arising from Urban and Economic growth in the Kingdom and Gulf Region.
The site of the project was strategically chosen to be on theRed Sea which is known as the highway of the shipping industry.
The city of Yanbu was chosen for the project as this city is known to be the second largest Industrial City in the Kingdom after Jubail Industrial City as well as it is nearby all major cities in the kingdom.
One million square meters of land was assigned for the project in Yanbu Industrial City.
The construction of the first phase started in 2005 and the commissioning of the plant started in 2008 with a capacity of about 700,000 tons of steel bars annually.
By applying the best available technology in steel production, the company was successful in producing high quality Steel Bars under trade name “Yamamah Steel” and Mark “~” in sizes ranging from 8mm to 36mm which meet the highest Saudi standards as well as the International standards such as ASTM.
Company History
- 2003Company foundAl Yamamah Company for Reinforcement Steel Bars was established in Riyadh with a paid-up capital of SR 300 million.
- 2005Plant ConstructionFace one Construction of the plant Started in Yanbu Industrial City (Yanbu 2).
- 2008Operational StartupOperation of the factory started and all major sizes were produced at the highest quality.
- 2009Product Approval & CertificationAl Yamamah Steel Product Marked “~” was certified and approved by Saudi Standards, Metrology and Quality Organization (SASO).
Production and selling of steel welded tubes, steel sheets,steel reinforcement bars and three dimension space structures to serve buildings and infra structure sector .Production and selling of galvanized steel lighting and distribution poles, high mast and galvanized steel lattice towers to serve electrical and distribution sector. The company has production facilities at Jeddah, Dammam and Yanbu.
Company History
Al Yamamah Steel Industries was first incorporated as a limited liability company in Riyadh on 01/06/1409H ( corresponding to 09/01/1989G) under commercial registration no (1010070794) , The company controverted as a closed joint stock Company as per the Ministerial Resolution no. 1491 dated 30/05/1427H ( corresponding to 26/06/2006G). )
Company Bylaws
Equity Profile
- Authorized Capital (^)508,000,000
- Issued Shares50,800,000
- Paid Capital (^)508,000,000
- Par Value/Share10
- Paid Up Value/Share10
Last Update :2016-05-19
Investment limits
There are no investment limits on the company’s shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on the company’s bylaw and the issued instructions by the related regulators and supervisory authorities.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
- Date Established1989/01/09
- Financial Year End30/09
- Listing Date2016/05/22
- External Auditors[PKF – AL Bassam & Co]
- ISIN CODESA1420I0KC11
- Number of Employees1051
Investor Relations
Contact Name:
Department of Shareholders Affairs
Company Address:
P.O.Box 55303 Riyadh 11534 Aqaria Asteen 6th Floor Building 2 Office No 6201
Contact Details:
Telephone: 0126371515 – 1121
Fax : 0126081489
Email : [email protected]
