29-05-2025
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.
