Al-Rasheed Signs SAR 1.1 Billion Silica Sand Contract with NESR

ALRASHEED

ALRASHEED

9601.SA

0.00

Mohammed Hadi Al-Rasheed & Partners Company announced on December 24, 2025, the signing of a five-year high-quality silica sand supply contract with National Petroleum Technology Company (NESR). The contract, valued at over SAR 1.1 billion, will support NESR's unconventional gas extraction operations at the Jafurah Field. This agreement represents a significant milestone reflecting the company's leading position in Saudi Arabia's mining sector and aligns with its strategic objectives. The contract is expected to positively impact the company's revenues starting from the first quarter of 2026 throughout the contract duration.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92230&anCat=1&cs=9601&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.