Solb Steel Company

Solb Steel

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The Birth PKI continued its search for investment opportunities especially in an industry field that motivates the construction field. There were many initiatives, most importantly the participation in t he foundation and development of JIZAN Economic city by establishing a steel factory. PKI collaborated with international market researchers to study the Steel Industry in the region. The results were astounding enabling PKI to start the South Steel Company. The factory is the first to venture in the JIZAN Economic City (JEC) located in the South province of JIZAN. PKI became one of the developers of the JIZAN Economic City (JEC) with the main developers B in Laden Group and MMC in Malaysia. On November 4 ,2006, Custodian of the Two Holy Mosques, King Abdullah, l aid the cornerstone f or J EC and inaugurated as well t he first phase of t he new SOLB STEEL in JEC.

The Growth

Established in 2008

Paid-Up Capital: 120 Million US Dollars

Total Investment: 350 Million US Dollars Project

Start-up date: Q4 2010

Web Site :

www.solbsteel.com

Ownership

Eng Saud Alarife is shareholder and board member .