Signal · Geopolitical Risk
Al Yamamah Steel’s contracts backlog hits SAR 1.1B: CEO
What the source reported
Source-reported<p><img src="https://argaamplus.s3.amazonaws.com/2514fad5-7d24-46c2-aac3-5d2e82ca9ebf.png"></p> <p><span class="ckeCaption" >Sahal Al-Thobaiti, CEO of Al Yamamah Steel Industries Co.</span></p> <hr> <p >Sahal Al-Thobaiti, CEO of <a href="https://www.argaam.com/en/tadawul/tasi/alyamamah-steel" target="_blank">Al Yamamah Steel Industries Co.</a>, said that the company’s current contracts backlog is valued at approximately SAR 1.1 billion, adding that it expects to secure additional contracts before the end of 2026.</p> <p ></p> <p >In an interview with Asharq Bloomberg on the sidelines of the WPC Energy Congress in Riyadh, Al-Thobaiti said the company expects sales and profits to increase in 2027, supported by expansion in the electricity and renewable energy sectors and growing demand for steel following the current slowdown in construction activity.</p> <p ></p> <p >The electricity segment is currently driving sales and profit growth. The company is expanding its Yamama Power Transmission Towers plant, aiming to increase production capacity by 30% starting in January 2027, he added.</p> <p ></p> <p >Al-Thobaiti further stated that the company has opened a lighting plant in Jeddah, affiliated with its poles plant, to strengthen its presence in the electricity sector. He said the company also has expansion plans across several sectors, with further details to be announced later.</p> <p ></p> <p >Regarding financing, he said the company’s loans total approximately SAR 950 million, which are short-term loans used to finance working capital and are supported by growth in sales and ongoing projects.</p> <p ></p> <p >As per <span ><strong>Argaam</strong></span>’s data, Al Yamamah Steel signed recently two contracts with Algihaz Contracting Co. to supply steel towers for a project to construct a 380 kV extra-high-voltage transmission line in the Western Region, with a total value of SAR 254.28 million.</p> <p ></p> <p >Supply is scheduled to begin in March 2027 and the financial impact expected to materialize in the first quarter of 2027.</p>
- Publication
- Argaam - Main News · Trade Publication
- Published
- 12th October 2026
- Original report
- argaam.com
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What ProcIntel recorded
ProcIntel-derived- Category
- Geopolitical Risk
- Geography
- Saudi Arabia
- Organisations
- None identified
- Collected
- 12th October 2026 · 19:02
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Moderate (37.0/100). Strongest contributor: Procurement Impact (27.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (26.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Geographic Breadth