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Al-Yamamah signs SAR70m deal

Al-Yamamah signs SAR70m deal
The delivery will start on 1 April for one year - (Photo Archive)
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Riyadh - Mubasher: Al-Yamamah Steel Industries Company announced on Monday that it has signed a SAR 70.1 million contract with Saudi Services for Electro Mechanic Works Company.

According to the one-year extendable contract, the delivery will start on 1 April 2017, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Monday.

The deal will impact the company’s financial results starting from April 2017, the statement indincated, adding that it will be discussed in the nearest upcoming general assembly for attestation.