Foulath Holding Company in Bahrain declares a state of force majeure as a result of regional circumstances

Foulath Holding Company, an industrial group specializing in iron and steel and the parent company of both Bahrain Steel and SOLB, announced a state of force majeure on some of the group’s operations as a result of the ongoing regional developments in the Middle East and the resulting security and logistical challenges.

The company said in a statement broadcast by Bahrain News Agency that the rapid developments in the region, including airspace restrictions, the disruption of some sea routes, and high security risks, have led to circumstances beyond the group’s control and have affected operations and supply chains in some of the group’s activities.

The company decided to temporarily suspend some operational operations until appropriate conditions are available to safely resume operations, in order to ensure the safety of employees, contractors and all relevant parties.