On July 6, 2026, Emaar, the Economic City announced the signing of a construction contract with Nesma & Partners Contracting Company UJSC, valued at SAR 547,381,407 (excluding VAT), with the contract formally signed on July 5, 2026. The contract covers the construction of infrastructure networks within the Special Economic Zone in King Abdullah Economic City, including Phase 1 of the King Salman Automotive Cluster and other strategic projects in the Industrial Valley, with a duration of 18 months. Notably, the Public Investment Fund, a major shareholder of Emaar, the Economic City, holds a 30.1% stake in Nesma & Partners Contracting Company UJSC. The financial impact of the contract is expected to be reflected in the Company's financial results starting from the third quarter of 2026.

Original announcement:

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.