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Tabi'ah Signs 100M Riyal Riyadh Contract
The Saudi Arabian Refineries Company (SARCO) announced the signing of a contract worth 100 million Riyals with Raya Modernization Contracting Company, which is 35% owned by SARCO, to carry out construction and finishing works for projects affiliated with multiple nations in Riyadh. The contract duration is 24 months, and its financial impact will begin from the fourth quarter of 2026. The contract is considered a related-party transaction, as a member of the Board of Directors holds positions in the parent companies of "Etrea Holding."
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