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In our public disclosure dated 4.1.2024, we stated that our company was approved as the registered supplier in the Neom megacity project by the Saudi Arabian Public Investment Fund (PIF).
With the decision of our Board of Directors dated/numbered 15.04.2024/02, in order to support our Company's business volume in the MENA region and further increase our global competitiveness to gain more market share from all investments in the region, especially the Neom city project, it was decided to start feasibility studies for a steel profile factory investment in Saudi Arabia.
With the planned greenfield investment, in addition to benefiting from all the investment and local manufacturer incentives provided by the Ministry of Investment of Saudi Arabia, we aim to increase our sales volume in nearby geographies with the logistics advantage and the opportunities of on-site production.
It is announced to the public with respect.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.