Al-Shaheli Mineral signs two contracts with Naqel worth SAR 15.15 million.

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ALSHEHILI METAL

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Riyadh - Mubasher: Al-Shaheli Metal Industries Company announced signing two contracts with Naqel (a closed joint-stock company) with a total value of SAR 15.15 million.

The company explained in a statement on the Saudi Stock Exchange (Tadawul) today, Wednesday, that the first contract includes the preparation, manufacture, and supply of 51 curtain trailers to Naqel Company over four months, at a value of 8.8 million riyals (including value-added tax).

She pointed out that the second contract includes the manufacture of 172 boxes divided into three types, for Naqel Company within four months, at a value of 6.35 million riyals.

The company noted that the financial impact of the two contracts is expected to appear in the second half of fiscal year 2025.

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