Al Yamamah Steel seals SAR 97.6M contract

05/01/2025 Argaam
Logo ofAl Yamamah Steel Industries Co.

Logo of Al Yamamah Steel Industries Co.

Al Yamamah Steel Industries Co. inked, on Jan. 2, a contract with Trading & Development Partnership (TDPCO) to supply steel towers for the construction of a 380 kV high-voltage line in the Eastern Region at a total value of SAR 97.55 million, according to a statement to Tadawul.
 
 

The contract duration is one year, the statement said, adding that supply for the project will commence in May 2025.

 

The relevant financial impact is expected to appear in Q3 2025.

 

There are no related parties involved in the contract, the statement added.

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