On June 16, 2026, Shmoh Almadi Co announced the signing of a contract with Osus Modern Buildings Company for finishing works at the company's factory in the Second Industrial City in Al-Qassim. The contract is valued at 10,845,000 SAR excluding VAT and has a duration of 12 calendar months. This agreement is part of the company's strategy to expand production capacity and enhance competitiveness in the Saudi market, with positive financial impact expected upon factory operations commencement.

Original announcement:

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