Al Yamamah Steel signs SAR 112.9M contract to supply steel towers

19/02/2025 Argaam
Logo ofAl Yamamah Steel Co.

Logo of Al Yamamah Steel Co.

Al Yamamah Steel Industries Co. signed a contract to supply steel towers with a branch of National Power Construction Corp. (NPCC) for a total value of SAR 112.9 million.

 

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In a statement to Tadawul, the company said the project includes constructing a 380 KV ultra-high voltage line in the Western region.

 

The contract has a term of one year, and the financial impact is expected to be reflected in the company’s financials starting Q4 2025.

 

The company will start supplying steel towers in July, the statement said, noting that there no related parties to the deal.

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