Riyadh Cables Group Company announced on January 18, 2026, additional details regarding its agreement with the Syrian Sovereign Fund signed on January 14, 2026. Through its subsidiary Riyadh Cables Company, the group will manage, operate, and develop Syrian Modern Cables Company under an 18-year renewable contract. The agreement involves approximately SAR 60 million in capital investment and includes profit-sharing with up to 40% allocated to the Syrian Sovereign Fund. The project will be implemented in four phases, with potential annual revenues reaching approximately SAR 750 million at optimal operating capacity, with financial impact expected to be reflected in the 2026 fiscal year statements.

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