CGS wins SAR 195.5M in contracts from SANAD, Almarai

09/12/2025 Argaam
CGS secured two contracts worth SAR 195.5 million from Aramco Nabors Drilling and Almarai, coinciding with the company’s listing on the Main Market

CGS secured two contracts worth SAR 195.5 million from Aramco Nabors Drilling and Almarai, coinciding with the company’s listing on the Main Market

Consolidated Grunenfelder Saady Holding Co. (CGS) won two contracts from Aramco Nabors Drilling Co. (SANAD) and Almarai Co. with a combined value of SAR 195.5 million, excluding VAT, the company said in a statement to Tadawul.

 

The SANAD award, granted on Dec. 1, covers a customized solutions project worth SAR 166.03 million.

 

The Almarai contract, awarded on Dec. 3, includes fixed cooling solutions for food processing facilities in Saudi Arabia and is valued at SAR 29.5 million. The financial impact is expected to begin in Q1 2026.

 

CGS shares are scheduled to be listed and start trading on the Main Market (TASI) today, December 2025.

 

The company’s core activities include cold-chain transportation, cooling, and customized solution units designed according to customer needs—in addition to after-sales services.

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