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2/23/24, 11:39 AM DUBAL Holding Announces Promising Results Of 2023 At Annual General Meeting | MENAFN.COM
contracts for civil, structural steel, and high voltage substations, as well as by signing an off
take agreement for the sale of titanium slag and a feedstock supply agreement to obtain the
necessary raw material, ilmenite ore. The project is expected to energize first furnace by the
March 2025, marking a significant milestone in the company's growth path.
The acquisition of Thermalex in 2023 made it a particularly noteworthy year for us. Our
expansion project at OSE further increased our capacity to meet the specific needs w.r.t
precision extrusions for both new and existing EV Battery Cooling, Automotive HVAC and
other industrial clients. We also increased our ownership position in OSE in order to focus on
both domestic and international acquisitions, and help the company achieve its larger goal of
ranking among the top two players globally.
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