Riyadh – Mubasher: Al Yamamah Steel Industries’ CEO, Youssef Said Bazaid, said that the company has future plans that will enable it to maintain its position in the Saudi steel market.
Al Yamamah acquires 26% of the Saudi steel hollow sector, according to statistics of 2014.
The company’s average market share in the lighting and transmission poles market reached 17.96% in the period between 2010 and 2014, according to a statements released on Saturday.
Al Yamamah ‘s stake in the Overhead transmission line and telecom towers market rose from 1.7% in 2010 to 16.8% in 2014.
The Capital Market Authority (CMA) earlier approved to issue 15.24 million shares (30% of the capital) in an initial public offering.
