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Al-Yamama for Iron signs two supply contracts
Al Yamama Steel Industries announced the signing of two contracts for the supply of iron towers with Al-Jihaz Contracting Company for a 380 kV Ultra-High Voltage Line project in the Western Region, with a total value of 254.27 million Riyals. The first contract is for 35.65 million Riyals, and the second for 118.63 million Riyals. The supplies are expected to commence in March 2027, with the financial impact appearing in the first quarter of that year. The duration of both contracts is one year, and no related parties were mentioned, reflecting a commitment to governance and transparency in the Saudi industrial sector.
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