Saudi Chemical Company Holding announced on June 21, 2026 the latest developments regarding its contract with Bosnia's TRB Company for the transfer of know-how and localization of manufacturing mechanical fuzes for 155 mm and 105 mm ammunition and mortar rounds, originally signed on February 6, 2024. The agreement remains in effect, but implementation has been delayed due to incomplete regulatory requirements, including obtaining import licenses for mechanical fuze samples and coordinating with authorities for field trials within the Kingdom. The company continues working to complete regulatory requirements, field trials, and end-user requirements in preparation for product qualification and approval. The company expects the contract to have a positive financial impact once the product qualification process is completed and commercial production begins, with costs remaining unchanged from the original announcement.

Original announcement:

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.