On May 29, 2025, Al Yamamah Steel announced the signing of a SAR 167.64 million (USD 44.66 million) agreement with Trading & Development Partnership Company, which operates in commercial and infrastructure projects as well as power generation and distribution systems, for the supply of steel towers for a 380-kilovolt ultra-high voltage line.
According to the company’s statement, the one-year contract is scheduled to commence in August 2025.
The financial impact of the project is expected to be reflected in the company’s financial statements in the fourth quarter of 2025.
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