Ladun subsidiary signs SAR 70.4 mln contract with Amaala for aluminum works

08/10/2023 Argaam

Ladun subsidiary signs SAR 70.4 mln contract with Amaala for aluminum works

Logo of Ladun Investment Co. 

Ladun Investment Co. announced that Built Aluminum Factory (BAFCO), which is owned by its subsidiary Built Industrial Co., signed a 451-day contract worth SAR 70.4 million with Amaala on Oct. 5. 

 

The contract aims at implementing aluminum and facade works at the Rosewood Hotel - Triple Bay, carried out by the Public Investment Fund (PIF)-owned Red Sea International Co.

 

The project is located in Al-Wajh Governorate, Tabuk Region, the company said in a statement to Tadawul, adding that the contract includes equipping the facades of tourist resorts’ villas, hotels, and palaces.

 

A positive impact is expected to reflect on the company’s 2023 and 2024 financial results, the statement added, noting that there are no related parties to the deal.

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