Watani Steel Profits Soar 182% in First Half of 2024

Steel & Metal

- Saudi Arabia -

August 21, 2024

Watani Steel Profits Soar 182% in First Half of 2024

Watani Iron and Steel Company (Watani Steel) reported a significant surge in profits, reaching 3.4 million riyals by the end of the first half of 2024. This represents a 182% increase compared to the same period last year. The company attributed the growth to higher sales volume and increased selling prices, along with additional revenue streams.

Watani Steel Profits Soar 182% in First Half of 2024

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