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Watani Iron Steel Turns to Attributable Net Profit in Q3; Revenue Surges

MT Newswires·11/01/2026 01:34:09
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01:34 AM EST, 11/01/2026 (MT Newswires) -- Watani Iron Steel (SASE:1325) logged 6 million Saudi riyals in net profit attributable to shareholders for the third quarter, compared with an attributable loss of 4.7 million riyals a year ago. For the three months ended Sept. 30, revenue was 174.8 million riyals versus 82.6 million riyals previously, the Tadawul-listed steel manufacturer said Sunday.