Al Yamamah Steel inks SAR 185.9 mln electrical towers contract

23/10/2023 Argaam

Al Yamamah Steel inks SAR 185.9 mln electrical towers contract

Logo of Al Yamamah Steel Industries Co.

Al Yamamah Steel Industries Co. signed a contract worth SAR 185.9 million (excluding VAT) with Al-Sharif Group & KEC Ltd. to manufacture and supply electrical towers, according to a statement to Tadawul.

 

The contract was signed on Oct. 22 and runs for 10 months. Its financial impact will appear in the second quarter of the fiscal year ending Sept. 30, 2024.

 

The deal included no related parties, the statement added.

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