SENAAT Unit Wins SAR 233M Makkah Mall MEP Contract

SENAAT

SENAAT

2240.SA

0.00

Advanced Building Industries Company (SENAAT) announced on August 2, 2026 that its subsidiary, Advance Construction Solutions Company for Projects (ZODCON), has signed a contract with HAMAT on July 30, 2026, for the execution of the full Mechanical, Electrical, and Plumbing (MEP) scope for the Mall Project in Makkah. The contract is valued at SAR 232,742,875 (excluding VAT) and has a duration of 15 months. The financial impact is expected to be reflected in the company's financial statements during the fourth quarter of 2026 and is anticipated to have a positive effect on the company's financial results.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97147&anCat=1&cs=2240&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.