News

In an exclusive interview with Argaam following the company’s transition to the Main Market (TASI), Alwasail Industrial Company’s CEO, Abdul Kader Al-Mushekih outlined a strategy focused on geographic expansion and increased production capacity. He revealed plans to assess a new factory in Jazan and introduce new production lines, including residential pipes, alongside a shift toward automation to improve profit margins. Abdul Kader expressed optimism regarding future demand driven by Vision 2030 infrastructure projects, noting that annual investments range between SAR 25-50 million, with the dividend policy to be announced pending the approval of annual results.

Source: Argaam – January 22, 2026 (Arabic Only)

https://www.argaam.com/ar/article/articledetail/id/1874556