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Al-Masafi subsidiary inks 100M riyal contract for Riyadh construction
The Saudi Arabian Refineries Company (SAROCO) announced the signing of a contract worth 100 million Saudi Riyals with Rayeaa Al-Tajdeed Contracting Company, which is 35% owned by SARCO, for the execution of construction and finishing works for projects affiliated with Multinational in Riyadh. The contract duration is 24 months, and its financial impact will begin from the last quarter of 2026. It is worth noting that the contract is classified as "related parties" due to the connections of the company's Board members.
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