Al Yamamah Steel inks SAR 185.9 mln electrical towers contract

Al Yamamah Steel Industries Co. signed, on Oct. 22, a contract with Al Sharif Group & KEC Ltd. to manfucture and supply electrical towers at a total value of SAR 185.9 million excluding VAT, according to a statement to Tadawul.

The contract will extend for 10 months, and the relevant financial impact will appear as of Q2 of FY ending on Sept. 30, 2024.

The deal included no related parties, the statement added.

Source : Argaam