SAUDI ARABIA —Lawazem Industrial Advanced Company, a subsidiary of the Saudi Arabian Refineries Company (SARCO), has signed a subcontract with Thabat Contracting Company Ltd. valued at SAR 3.40 million inclusive of Value Added Tax (VAT). The project scope entails the manufacturing, supplying, painting, and installing of wooden doors along with their accompanying accessories for villas at the Banan 1 Project. Scheduled with a completion duration of 136 days, project deliveries are set to run from the commencement date through mid-January 2027.
This contract underscores the ongoing momentum in residential construction and specialized fit-out subsectors within the region. As major master developments progress through their structural phases, the demand for reliable sub-contractors specializing in interior fixtures and finishings becomes critical to meeting tight delivery schedules. Such supplier partnerships help streamline large-scale residential rollouts and ensure adherence to rigorous architectural specifications.
The agreement reflects broader industry trends where specialized industrial suppliers play an integral role in accelerating project timelines for large residential communities. Aligning manufacturing capabilities with primary contractor milestones enables seamless integration across the supply chain, mitigating bottlenecks in final-stage property completions and elevating overall project delivery standards.
From a financial perspective, the agreement provides positive revenue visibility for the corporate entities involved. The constructive financial impact of this SAR 3.40 million order is projected to reflect directly across the company's financial results starting from the third quarter of 2026 through the first quarter of 2027, highlighting steady cash flow generation from commercial fit-out operations.
