4 days ago
Bawan has confirmed contracts of over SAR 2.8B, sees SAR 30M profit share from Petronash: CEO
Mohammed Al Balawi, CEO of Bawan Co., gave a bullish outlook for the company's financial results this year, noting that all of its products see strong demand with confirmed contracts at a total value exceeding SAR 2.8 billion.
Speaking to Argaam in a phone call, Al-Balawi said that Bawan has embarked on a certain strategy in 2022, which starts with exiting the concrete industry sector, followed by increasing its holding in the electrical industries sector, given its promising outlook and attractive profit margins.
