Al Yamamah Steel signs SAR 135.65M steel tower contract

Al Yamamah Steel Industries Co. signed a contract with Algihaz Contracting Co. to supply steel towers for a project to construct a 380 kV extra-high-voltage transmission line in the Western Region, with a total value of SAR 135.65 million.

According to the company’s statement on Tadawul, deliveries are scheduled to begin in March 2027, with the financial impact of the contract expected to start in the first quarter of 2027.

The company said the contract was awarded and signed on Oct. 5 and has a duration of one year.

The company confirmed that there are no related parties involved in the contract.