Before Q2 Earning Results Drop: 30+ Saudi Stocks Have Key Contracts Locked In — Here's Their Impact
SGS 4031.SA | 0.00 | |
RED SEA 4230.SA | 0.00 | |
AWPT 2081.SA | 0.00 | |
SVCP 2360.SA | 0.00 | |
ALWASAIL INDUSTRIAL 4148.SA | 0.00 |
Q2 2026 (April–June) has wrapped, and Tadawul-listed companies are heading into their reporting window. Ahead of that, dozens of new contracts and branch openings have already been disclosed to the market, each one tagged by management with the quarter it's expected to start showing up in results. Here's what's been signed, who's behind it, and when it should land.
Infrastructure & Industrial Contracts
Saudi Ground Services Co.(4031.SA)
- An estimated SAR 6.3 billion, five-year deal with Saudia — the single largest contract in this roundup
- SAR 314.9 million over five years with Riyadh Airports Co., with an option to add three more years
Impact: Q2 2026
Red Sea International Co.(4230.SA)
- SAR 352.6 million, 454-day contract with Salini Saudi Arabia
Impact: Q2 2026
Alkhorayef Water and Power Technologies Co(2081.SA) — six municipal and water-authority contracts worth SAR 544 million combined
- SAR 155.1 million and SAR 108.5 million, both 60 months, with Jeddah Municipality
- SAR 93.6 million, also 60 months — a third Jeddah Municipality deal
- SAR 69.6 million, 30 months, with the Royal Commission for Riyadh City
- SAR 65 million, 60 months, with National Water Co. for the Mina and Muzdalifah areas
- SAR 52.2 million, 36 months, a separate National Water Co. contract
Impact: Q2 2026
Saudi Vitrified Clay Pipes Co.(2360.SA)
- SAR 8.2 million, one-year purchase order from Alkhorayef Water to supply concrete manholes for an Eastern Province sewage project
Impact: Q2 2026
Alwasail Industrial Co.(4148.SA)
- SAR 15.6 million, 18-month contract with Water and Power Projects Co. (WPPCo) to extend water supply around Riyadh
Impact: Q2 2026
- SAR 910 million, 15-month contract to supply Saudi Arabian Oil Co.(2222.SA) with LSAW pipes (large welded steel pipes used in oil, gas and water lines)
Impact: H2 2025–H1 2026
East Pipes Integrated Company for Industry(1321.SA)
- SAR 485 million+ contract with the Saudi Water Authority
- SAR 60 million+ contract with AliShar Contracting
Impact: fiscal Q4 2025/26 through Q2 2026/27 (on East Pipes' own reporting calendar)
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Technology & Digital Services
MIS (Al Moammar Information Systems Co.(7200.SA))
- 10-year data-center agreement with Microsoft Arabia and Saudi Data Center Fund 1, worth more than half of MIS's 2023 revenue
- 12-month HUMAIN contract worth more than 155% of MIS's 2024 revenue
- SAR 190.5 million, three-year contract with the National Center for Meteorology
- SAR 114.6 million, one-year purchase order from the Ministry of Education
- SAR 64.8 million, three-year contract with National Water Co.
Impact: mostly Q2 2026 — the Education deal runs through Q2 2027, Meteorology through Q2 2029
Arabian Internet and Communications Services Co.(7202.SA)
- SAR 519.7 million, five-year managed-IT contract with National Water Co.
Impact: Q2 2026
2P (Perfect Presentation for Commercial Services Co.(7204.SA))
- SAR 37.3 million contract with Prince Sattam bin Abdulaziz University
Impact: 2026–2029
Property Development
Alramz Real Estate Co.(4327.SA)
- Real estate fund with Assayel Arabia targeting SAR 370 million (10% development fee — a cut of the build cost for managing the project — plus 2.5% marketing commission on sales)
- Fund managed by Oud Capital targeting over SAR 1 billion, with a SAR 391 million development contract attached (same 10%+2.5% structure)
- Fund managed by SNB Capital targeting SAR 650 million (7% development fee, 2.5% marketing commission)
- Buyout of remaining investors in the Qurtubah 2 fund, Riyadh, for SAR 133 million — ownership rising from 23% to 100%
Impact: 2026–2029 (2026–2031 for the Qurtubah 2 buyout)
Retal Urban Development co.(4322.SA)
- SAR 1.9 billion development management agreement with Sakan Al Malqa Real Estate — SAR 125.5 million in estimated developer fees, a 24.52% fund stake, 48-month term
Impact: 2026–2029
Media & Advertising
Saudi Research and Media Group(4210.SA)
- Three-year advertising, PR and marketing contract worth SAR 200 million a year (~SAR 600 million in total)
Impact: Q2 2026
Arabian Contracting Services Co.(4071.SA)
- 10-year outdoor-advertising concession with the Royal Commission for AlUla
- 10-year airport-advertising deal at Madinah with Tibah Airports, guaranteeing at least SAR 169.1 million
- Three-year contract with Wave Media Co. averaging SAR 336.6 million a year — its biggest of the three
Impact: Q2 2026
Aviation, Catering & Consumer
SAL Saudi Logistics Services Co.(4263.SA)
- Two annually renewable cargo ground-handling agreements — with Singapore Airlines and Fly Khiva Group — billed on demand rather than a fixed sum
Impact: Q2 2026
CATRION Catering Holding Co.(6004.SA)
- SAR 23.1 million Hajj-season catering agreement with Saudia
- SAR 262 million, five-year contract with King Faisal Specialist Hospital & Research Centre, Riyadh
Impact: Q2 2026
Modern Mills for Food Products Co.(2284.SA)
- SAR 16.9 million soybean-meal purchase from Al Ghurair Advanced Trading — a cost, not new revenue
Impact: 2026
Wafrah for Industry and Development Co.(2100.SA)
- SAR 28 million, two-year renewable contract to manufacture partially fried potatoes for Del Monte Factory Co.
Impact: H1 2026
Healthcare Equipment
Scientific and Medical Equipment House Co.(4014.SA)
- SAR 105.1 million, five-year maintenance contract with the Riyadh First Health Cluster — delayed a year from its original Q2 2025 start
- Two SAR 50.9 million, five-year contracts to maintain equipment at King Abdulaziz Specialist Hospital, one via the Taif Health Cluster and one via the AlTaif Health Cluster
- SAR 100 million, 24-month infrastructure upgrade at King Fahad Hospital, Al Baha, for the Ministry of Health
- SAR 24.9 million, three-year clinical-services contract at King Khalid University's dental college, Abha
Impact: Q2 2026
Branch Expansion
- Saudi Real Estate Co.(4020.SA) — opened its second Asian branch, in Gujarat, India (its first was Malaysia, back in 2014)
- Sport Clubs(1065-IPO.SA) — opened five new fitness clubs, two for men and three for women
- Saudi Ceramic Co.(2040.SA) — added a new Riyadh showroom, bringing its nationwide total to 68
- Aldrees Petroleum and Transport Services Co.(4200.SA) — opened 37 new fuel stations, nine of them in Riyadh
- Dar Al Majed Real Estate Co.(4326.SA) — opened a new sales center in Jeddah's Al Shati District
- BinDawood Holding Co.(4161.SA) — opened its first Qatar store, the start of an eight-store franchise rollout with Regional Group Co.
- Jarir Marketing Co.(4190.SA) — opened a new Riyadh showroom at Granada Mall and relocated its Jeddah showroom to Madinah Road
- Theeb Rent a Car Co.(4261.SA) — added three locations (a Dammam used-car showroom plus two Riyadh branches), taking its nationwide network to 70
- Saudi Automotive Services Co.(4050.SA) — added five stations and 14 Palm convenience stores inside the Riyadh Metro
- Leejam Sports Co.(1830.SA) — opened four fitness centers, split evenly between men's and women's clubs
- Naqi Water Co.(2282.SA) — opened three new branches, including one in Riyadh dedicated to table eggs
All are flagged as likely to support Q2 2026 results.
The Takeaway
Between airport contracts, water-utility deals, real estate funds, ad campaigns and a wave of new storefronts, this quarter's disclosures touch nearly every corner of the market. Most of the contract-driven impact is timed for Q2 2026, so it should start surfacing as results come in over the next few weeks — while the property and long-term infrastructure deals will keep contributing for years after that.
