Multi Business signs deal with stc

09:39 AM (Mecca time) Argaam
Logo ofMulti Business Group Co.

Logo of Multi Business Group Co.

Multi Business Group Co. signed a public works frame contract with telecom major stc, exceeding 5% of the former's total revenues for 2024, according to a Tadawul statement.

 

The 12-month contract covers construction, architectural and fit-out works, as well as electrical and mechanical engineering.

 

The contract is expected to have a positive financial impact on the company`s results for H2 2025 and H1 2026.

 

For more news and details on the projects

 

The contract is dated June 1, 2025, and the necessary signatures were completed and a copy of the contract was received at the end of the working day on June 12.

 

The contract value represents 5% (SAR 6.75 million) of the company's 2024 revenues reaching SAR 135 million.

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