Riyadh - Mubasher: Al Yamamah Steel Industries Company signed a SAR 126 million deal with SEPCO111 Electric Power Construction Company Limited on 15 April 2026, according to a bourse filing.
The company will commence supplying steel wind towers to Yanbu Wind Farm for nine months starting in April 2026.
The financial impact of the contract will appear in the second quarter (Q2) of 2026.
In Q1 of fiscal year (FY) 2025/2026, the net profits attributable to shareholders of Al Yamamah Steel Industries jumped by 719.03% to SAR 37.61 million from SAR 4.59 million in Q1-24/25.
