Al Yamamah Steel signs SAR 178.7 mln contract to supply steel towers

23/12/2021 Argaam

Logo of Al Yamamah Steel Industries Co.

Al Yamamah Steel Industries Co. signed a contract with Arabian Electrical Transmission Line Construction Co. Ltd. (AETCON), for supplying steel towers for SAR 178.66 million.

 

The contract includes supplying steel towers for constructing 380 kV link between Buhirah Station and Tabarjal Station for period of 12 months effective from May 2022, the company said in a bourse statement.

 

The financial impact will be reflected on the company’s financials starting from Q3 2022 until Q3 2023, the statement added, noting that no related parties are included in the deal.

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