Foulath Holding, the Bahrain-based industrial group specializing in iron and steel and the parent company of Bahrain Steel and SULB (United Steel Company), has declared a force majeure affecting parts of its operations due to ongoing regional developments in the Middle East.
The company noted that rapidly evolving conditions, including airspace restrictions, disruptions to certain maritime routes, and heightened security risks, have created circumstances beyond its control.
These challenges have materially impacted operations and supply chains across multiple segments of the Group’s businesses.
As a direct consequence of these security and logistical challenges, Foulath Holding has temporarily suspended certain operational activities until conditions stabilize sufficiently to permit the safe resumption of operations.
‘Force majeure’ is a legal term describing unforeseen events that prevent a company from fulfilling its contractual obligations. The suspension measure is designed to protect employees, contractors, and other stakeholders involved in its operations.
The force majeure declaration reflects the firm’s assessment that the impact of broader regional tensions, including constraints on transport infrastructure and increased risk levels, has substantially and adversely impacted its ability to conduct business under normal conditions.
Foulath Holding underscored that the decision is grounded in safety priorities and operational realities rather than performance or commercial considerations.
Foulath Holding stated it is closely monitoring developments and engaging with customers, suppliers, and partners to provide updated information as the situation evolves.
The company expressed its appreciation for the continued cooperation and understanding of all stakeholders during this challenging period.
Bahrain Steel and SULB form part of Foulath’s integrated steel portfolio, contributing to the industrial infrastructure and steel supply chain in the GCC and broader Middle East region.
