Riyadh – Mubasher: Al Yamamah Steel Industries Company inked a deal with Trading and Development Partnership on 2 January 2025, according to a bourse disclosure.
The agreement covers supplying steel towers, valued at SAR 97.54 million, for a project to construct a 380 kv ultra-high-voltage line in the eastern region.
Holding a tenor of one year, the contract will reflect on the Tadawul-listed company’s financial results in the third quarter (Q3) of 2025.
In the 12-month period that ended on 30 September 2024, the company turned profitable at SAR 70.80 million, against net losses valued at SAR 130.14 million a year earlier.
Revenues hiked by 25.46% year-on-year (YoY) to SAR 1.95 billion in fiscal year (FY) 2023/2024 from SAR 1.55 billion.
