National Gypsum signs SAR 30M contract to develop gypsum board production line

National Gypsum Co. signed on Dec. 27 a SAR 30 million contract to develop and modernize a gypsum board production line in the Riyadh factory.

The company aims to keep pace with the latest technical advancements and production of up to 15 million square meters of gypsum annually, according to a statement to Tadawul.

The contract is valid for nine months.

The relevant financial impact will be announced later, the company added, noting that there are no related parties to the deal.