Molan Steel Company (9553.SR), a Saudi Arabia-based steel supplier founded in 2015 and headquartered in Riyadh, produces and supplies steel products to the construction and steel fabrication industries in Saudi Arabia and internationally. The company offers hot and cold rolled sheets and coils; galvanized sheets and coils; pre-painted coils; I-beams; flat steel; pipes; tubes; angle iron; iron tins of all kinds; iron bridges; iron angles; metal pipes; iron tools and fasteners; metal and iron strips; extrusions; blocks; and metal industrial roofs, doors, windows, and related products, with wholesale trading activities across these categories serving rack factories, building warehouses, prefabricated houses, cable tray manufacturers, contracting companies, and air conditioning firms. It operates two branches primarily in the Kingdom, focusing on the materials sector with sales concentrated in Saudi Arabia at approximately SAR 86.37 million in 2024 across steel and emerging refrigerator segments. In recent developments, Molan fully acquired Mayar International Industry in December 2024 for SAR 34.88 million to add manufacturing of refrigerators, freezers, water coolers, and electric fans under the Cool Master trademark, aiming to enhance vertical integration, mitigate iron price volatility, and boost sales and profits from Q1 2025 onward; additionally, in November 2025, the company submitted a Capital Market Authority application for a SAR 26.6 million rights issue to fund asset acquisitions, business expansion, and working capital.