Riyadh – Mubasher: Leen AlKhair Trading Company has penned a contract with Arsan First Contracting Company to establish and operate a factory.
The contract, valued at SAR 294.42 million, covers the construction, engineering, and operational work related to the factory, according to a bourse filing.
Meanwhile, the duration of the deal is 24 months starting from the signing date, 1 November 2023.
The listed firm added that constructing the factory will reflect positively on its results in 2025 after the factory becomes operational.
In October 2023, Leen AlKhair signed a loan agreement worth SAR 217.76 million with the Agricultural Development Fund to establish a factory.
