Al Yamamah Steel inks SAR 95M supply contract

Al Yamamah Steel Industries Co. signed, on Dec. 8, a one-year contract with National Contracting Company Ltd. (NCC) for SAR 94.95 million, according to a statement to Tadawul.

The contact entails supply of steel towers to establish a 380 kV high voltage line in the central region, the company pointed out, noting that the supply operations will start in May 2025.

The financial impact of the contract will begin as of Q3 2025, the statement said, adding that there are no related parties.