Al Yamamah Steel Industries Co. has signed a contract with the Branch of National Power Construction Corporation Limited (NPCC) to supply steel towers, the company announced in a stock exchange filing.
The towers will be used for the construction of a 380 kV ultra-high voltage transmission line in the western region of Saudi Arabia.
The contract is valued at SAR 112.9 mln (USD 30 mln) and has a one-year duration. Supply is scheduled to begin in July 2025, with the financial impact expected to be reflected in Q4 2025.
1 USD / 3.75 SAR
