Multi Business Group Wins Major Saudi Telecom Contract

MULTI BUSINESS -7.50%

MULTI BUSINESS

9619.SA

8.51

-7.50%

Multi Business Group Co. announced on April 8, 2026 that it has been awarded a purchase order by Saudi Telecom Company for fit-out works for gym facilities at the head office, including both male and female sections. The project encompasses construction, architectural and fit-out works, as well as electrical and mechanical engineering, with a contract value exceeding 5% of the company's total revenues for fiscal year 2025. The three-month project is expected to have a positive financial impact on the company's results for the first half of 2026, with the purchase order dated April 1, 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94281&anCat=1&cs=9619&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.