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Al-Masafi subsidiary wins 100M Riyal contract
The Arabian Refining Company (SARRCO) announced the signing of a contract worth 100 million Riyals with Raya Al-Tajdid Contracting Company, in which it owns a 35% stake, to carry out construction and finishing works in Riyadh for projects operated by Multi-National Company. The contract duration is 24 months, with financial impact starting from the fourth quarter of 2026. This is considered a related-party transaction due to the connections of Board of Directors members.
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