Ladun subsidiary signs SAR 70.4 mln contract with Amaala for aluminum works

08/10/2023 Argaam
Logo ofLadun Investment Co.

Logo of Ladun Investment Co. 

Ladun Investment Co. announced that Built Aluminum Factory (BAFCO), which is owned by its subsidiary Built Industrial Co., signed a 451-day contract worth SAR 70.4 million with Amaala on Oct. 5. 

 

The contract aims at implementing aluminum and facade works at the Rosewood Hotel - Triple Bay, carried out by the Public Investment Fund (PIF)-owned Red Sea International Co.

 

The project is located in Al-Wajh Governorate, Tabuk Region, the company said in a statement to Tadawul, adding that the contract includes equipping the facades of tourist resorts’ villas, hotels, and palaces.

 

A positive impact is expected to reflect on the company’s 2023 and 2024 financial results, the statement added, noting that there are no related parties to the deal.

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