AlRashed Signs Major Aggregate Supply Deal with FCC-AlMabani

SALEH ALRASHED

SALEH ALRASHED

1324.SA

0.00

On May 31, 2026, Saleh Abdulaziz AlRashed & Sons Company announced the signing of an agreement with FCC-AlMabani Joint Venture for the supply of aggregate materials. The contract was signed on May 21, 2026, with a duration of 4 months and a value exceeding 5% of the company's total revenues according to the latest audited annual financial statements for 2025. The agreement involves supplying aggregates in various sizes according to approved technical specifications and standards. The financial impact is expected to be reflected positively in the company's revenues starting from the third quarter of 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95666&anCat=1&cs=1324&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.