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Al Yamama subsidiary signs 270 million Riyal contract with European specialized company
Al Yamama Steel Industries Company announced that its subsidiary, Al Yamama Rebar Company, signed a contract worth 270 million Riyals with a European company specializing in the production of steel billets. The contract, which was signed on July 14, 2026, aims to manufacture, supply, and install advanced equipment as part of the company’s expansion plan and efforts to enhance operational efficiency in the Saudi market. The project is expected to take approximately two and a half years to complete. The positive financial impacts are anticipated to appear in the company's financial statements during the second half of 2028, following the completion of installation and commissioning of the new equipment.
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