Foulath Holding, an industrial holding company with major steel investments and the parent company of Bahrain Steel and SULB, hereby announces a Force Majeure situation affecting certain group operations as a result of the ongoing regional conflict in the Middle East and the associated security and logistical disruptions.
The evolving situation in the region, including airspace restrictions, disruption to maritime routes, and heightened security risks, has created circumstances beyond the group’s control that have impacted operations and logistics across parts of the group’s business.
As a precautionary measure and in the interest of the safety and well-being of employees, contractors and stakeholders, the group has taken the decision to temporarily suspend certain operational activities until conditions allow for safe and secure resumption of operations.
Foulath Holding emphasises that this decision is purely precautionary and driven by safety considerations and external circumstances beyond the group’s control.
The group is closely monitoring the situation and will continue to assess developments and communicate with its customers, suppliers, partners and stakeholders as more information becomes available.
Foulath Holding values its long-standing relationships with its stakeholders and appreciates their understanding and cooperation during this period.
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