Latest news with #AlYamamahSteel
Zawya
2 days ago
- Business
- Zawya
Saudi: Al Yamamah Steel rolls out deal exceeding $44.66mln in value
Riyadh – Al Yamamah Steel Industries Company inked a SAR 167.64 million deal with Trading & Development Partnership Company on 29 May 2025, according to a bourse disclosure. Under the one-year agreement, the two parties will join forces to supply steel towers for a 380 kilovolt ultra-high voltage line for the Western Region. Al Yamamah Steel highlighted that the project, starting in August, will start affecting its financial results during the fourth quarter (Q4) of 2025. Last February, the Tadawul-listed firm and a Branch of Hyundai Engineering and Construction Company Limited penned a SAR 174.91 million deal. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Arab News
3 days ago
- Business
- Arab News
Closing Bell: Saudi main index closes in red at 10,825
RIYADH: Saudi Arabia's Tadawul All Share Index dipped on Sunday, losing 165.14 points, or 1.50 percent, to close at 10,825.27. The total trading turnover of the benchmark index was SR4.27 billion ($1.13 billion), as 31 of the listed stocks advanced, while 215 retreated. The MSCI Tadawul Index decreased by 21.69 points, or 1.55 percent, to close at 1,382.11. The Kingdom's parallel market Nomu dipped, losing 140.52 points, or 0.52 percent, to close at 26,669.23. This comes as 20 of the listed stocks advanced while 61 retreated. The best-performing stock was Emaar The Economic City, with its share price surging 3.91 percent to SR13.28. Other top performers included Sinad Holding Co., which saw its share price rise by 2.56 percent to SR10.42, and Alkhaleej Training and Education Co., which saw a 2.22 percent increase to SR25.35. The shares of Al Yamamah Steel Industries Co. and Morabaha Marina Financing Co. also rose by 2.19 percent and 1.85 percent to SR30.30 and SR11, respectively. On the downside, United Carton Industries Co. was the day's weakest performer, with its share price declining 9.31 percent to SR40.90. Raydan Food Co. and Makkah Construction and Development Co. also saw declines, with their shares dropping by 8.04 percent and 7.02 percent to SR13.50 and SR90, respectively. Moreover, the shares of Gulf Insurance Group and Saudi Fisheries Co. dipped by 6.54 percent and 5.94 percent to SR24.02 and SR95, respectively. On the parallel market, Digital Research Co. led the gains, with its share price rising 13.02 percent to SR59.90. Future Care Trading Co. and Saudi Parts Center Co. also saw a positive change, with their shares increasing by 9.32 percent and 7.14 percent to SR3.52 and SR45, respectively. Conversely, Amwaj International Co. was the weakest performer on Nomu, with its share price falling 9.78 percent to close at SR36.90. Fad International Co. and Dar Almarkabah for Renting Cars Co. followed with decreases of 9.42 percent and 9.26 percent to SR76 and SR2.45, respectively.
Argaam
6 days ago
- Business
- Argaam
Al Yamamah Steel inks SAR 167.6M contract for tower supply
Al Yamamah Steel Industries Co. signed today, May 29, a contract with Trading & Development Partnership Co. for supplying steel towers, at a value of SAR 167.64 million. In a statement to Tadawul, the company indicated that the steel towers will be used to establish a 380 kV ultra-high voltage line for the Western Region. The contract term is one year, said the company, adding that the supplying to the project will start in August, 2025. The related financial impact is expected to begin reflecting on the company's financial statements in Q4 2025. There are no related parties to the deal.
Zawya
20-02-2025
- Business
- Zawya
Al Yamamah Steel bags steel tower supply for ultra-high voltage line in Saudi Arabia
Al Yamamah Steel Industries Company has signed a contract to supply steel towers for a 380 KV ultra-high voltage line in Saudi Arabia's Western region. The 112.9 million Saudi riyal ($30.13 million) supply contract was signed with a branch of National Power Construction Corporation, the company said in a Saudi bourse filing. The company will start supplying steel towers from July. The financial impact of the one-year contract is expected to be reflected in the steel producer's financials from Q4 2025. Last month, Al Yamamah Steel signed a SAR 97.55 million contract with Trading & Development Partnership to supply steel towers to construct a 380 kV high-voltage line in the Eastern Region. (Editing by Anoop Menon) (
