Held recently in Riyadh meeting of the Board of Directors of Al Rajhi Steel Industries (Al Rajhi Steel) in the company's headquarters in Riyadh, where the meeting was chaired by Eng Abdulaziz Bin Saleh Aboudi, the head of the Governing Council attended by members of the Governing Council Professor / Badr bin Mohammed Al Rajhi, Dr. Hussein and His Excellency Mr. Qurashi over bin Mohammed Al Rajhi, Dr. Essam Al-Mahdi and Alrehi bin Nasir al-Qahtani, head of the company.
The Council discussed several topics related to current informed the iron market in the kingdom, the world and the current developments in light of recent regulations approved by the Ministry of Trade and Industry to ban exports of scrap, which reflected positively on the availability of the raw material for rebar in the local market.
He also presented to the Governing Council by companies bidding on the construction of the fourth for the production of reinforcing iron bars in the city of Jeddah, which was approved earlier this year by the Council, where he is scheduled to be the maximum capacity of the line million tons of reinforcing iron rule.
The Board approved the expansion to begin commercial production of iron lines in the city of Riyadh to include expansion and the production of pipes lattice Altiobat and tin Alhenko and wasteful, with a company's output of iron to 1.8 million tons annually.
In addition, the Board approved the regulations, policies and internal administrative powers of the company, was headed by the adoption of the administrative structure of the company and guide regulations and administrative policies the company, along with the pay scales Management / Board also approved the lifting of ad hoc housing allowance for staff to be four months salary instead of three a year.
It should be noted here that the Al Rajhi Steel Industries is one of the companies Mohammad Bin Abdul Aziz Al Rajhi & Sons, which includes several companies which will be the island of household appliances limited company National Gypsum Company Limited and modern heaters Ltd. and Falcon Plastics Ltd., a rainbow of limited water.