Molan Steel Co. (9553)

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News

4 October 05:52 AM Molan Steel pens interest-free loan deal with major shareholder

Riyadh — Mubasher: Molan Steel Company inked a non-interest-bearing loan agreement totaling SAR 4.60 million with its major shareholder and related party, Dar Al Takamul Holding. The financing, received on 30 September 2026, is structured as a …

Company News

4 October 05:02 AM Molan Steel reaches final settlement agreement with Yara International

Riyadh — Mubasher: Molan Steel Company has signed a final settlement and clearance agreement with Yara International Limited to resolve an ongoing legal dispute. Under the terms of the agreement, the company secured a reduction of SAR 1.05 million …

Company News

27 September 10:24 AM Molan Steel eyes reverse stock split to increase par value

Riyadh — Mubasher: Molan Steel Company’s board of directors recommended a reverse stock split to increase the nominal value of its shares to SAR 10 per share, up from the current SAR 1. The proposal, issued on 27 August 2026, is subject to …

Trading Activities

10 September 05:49 AM Molan Steel’s losses deepen in H1-26; accumulated losses hit 141% of capital

Riyadh — Mubasher: Molan Steel Company suffered net loss of SAR 11.14 million in the first half (H1) of 2026, an annual leap of 296.10% from SAR 2.81 million. The company’s sales plummeted by 72.03% to SAR 9.30 million from SAR 33.25 million in …

Financial Results

1 September 07:37 PM Molan Steel withdraws rights issue application

Riyadh — Mubasher: Molan Steel Company announced that its board of directors has decided to withdraw the application to increase its capital through a rights issue. The company had previously submitted a file to the Capital Market Authority (CMA) …

General Assembly

10 August 01:29 PM Molan Steel to pursue reverse stock split following recent notification

Riyadh — Mubasher: Molan Steel Company recently announced it had received a notification from the Saudi Exchange (Tadawul) on 3 August 2026 regarding its average closing share price falling below the minimum required threshold. Under Paragraph (C) …

Trading Activities

7 July 05:42 PM Molan Steel shareholders nod for auditor appointment, dividend mandate

Riyadh – Mubasher: Molan Steel Company announced that its ordinary general assembly approved the appointment of Al Zoman, Al Fahad & Al Hajjaj for Professional Consulting as the company’s external auditor. The firm will audit the semi-annual and …

Board of Directors

1 July 01:22 PM Molan Steel board recommends capital restructuring plan

Riyadh – Mubasher: Molan Steel Company, a prominent player in the Saudi industrial sector, has announced a comprehensive strategic plan to address its critical financial position after accumulated losses reached 99.21% of its SAR 26.60 million …

General Assembly

9 June 03:18 PM Merrill Lynch KSA market-making agreements terminated for certain Nomu-listed entities

Riyadh – Mubasher: The Saudi Exchange Company has officially announced the approval of a request from Merrill Lynch Kingdom of Saudi Arabia to terminate its market-making activities for four companies listed on the exchange. The cessation of these …

Corporate Actions

26 May 10:51 AM Molan Steel secures loan from major shareholder

Riyadh – Mubasher: Molan Steel Company has entered into a formal financing agreement with its principal shareholder, Dar Al Takamul Holding Company, for an interest-free loan totaling SAR 15 million. The facility is strategically designed to …

Company News

8 January 2024 00:42 PM Molan Steel extends SAR 13m facility agreement

Riyadh – Mubasher: Molan Steel Company renewed a credit facilities agreement compatible with the provisions of Islamic Sharia with Al Bilad Bank at a value of SAR 13 million. The Saudi firm will use the loan to finance its working capital, …

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