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Alwasail Industrial Strikes SAR9 Million Supply Deal With Almabani General

MT Newswires·10/05/2026 00:27:39
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12:27 AM EDT, 10/05/2026 (MT Newswires) -- Alwasail Industrial (SASE:4148) agreed to manufacture and supply materials to Almabani General Contractors for the Sports Boulevard project in Riyadh, Saudi Arabia, under a deal worth 8.8 million Saudi riyals. The Saudi Arabian pipe manufacturer expects to book the financial impact of the contract in its financials from the fourth quarter 2026 to the second quarter of 2027, according to a Sunday release. The contract will run for 12 months from the date of supply.