National Building subsidiary signs SAR 180 mln contract with Raji Steel

15/08/2021 Argaam

Logo of National Building and Marketing Co

National Building and Marketing Co. announced that its wholly-owned subsidiary Ajeej Steel Manufacturing Co. signed a contract worth SAR 180 million with Rajhi Steel, according to a bourse filing.

 

Under the contract, Ajeej will sell ingot iron to Rajhi Steel, the statement said, adding that the contract will be implemented within six months from its signing date.

 

The deal, which does not have any related parties, will reflect positively on the company's sales and earnings during the second half of 2021.

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