SAUDI ARABIA —Al Yamamah Steel Industries Co. has officially signed a significant supply contract valued at SAR 103.14 million with the Branch of National Power Construction Corporation Limited. The agreement entails the supply of essential steel towers required for the construction of a major 380 kV ultra-high-voltage transmission line located in the Western Region of Saudi Arabia. Scheduled to span a duration of one year, the project's production and supply operations are set to commence in February 2027, with the subsequent financial impacts anticipated to reflect in the company's financial statements starting from the first quarter of 2027.
This high-profile contract win underscores Al Yamamah Steel Industries Co.'s robust technical capabilities and reliability in executing large-scale power infrastructure projects. Securing a high-voltage transmission order of this scale reinforces the company's market position within the regional industrial manufacturing and energy sectors, highlighting its critical role in supporting major utility and grid expansion initiatives across the Kingdom.
The awarding of this contract aligns seamlessly with broader national objectives aimed at strengthening and modernizing electrical grid infrastructure to support rising energy demands and rapid industrial development. By enhancing high-voltage transmission networks in key geographic zones, the project contributes to long-term grid stability and reliability, which are vital for accommodating future commercial and residential growth in the region.
For investors and business stakeholders, this multi-million-siyal agreement provides clear revenue visibility extending into fiscal year 2027. It demonstrates sustained demand for specialized industrial manufacturing products tied to large utility expansions, offering favorable market implications and reinforcing confidence in Al Yamamah's project execution pipeline and long-term earnings potential.
