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Zawya
4 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. (
Argaam
29-05-2025
- 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.
