Riyadh - Mubasher: Riyadh Cables Group Company inked a SAR 450 million contract with Mohammed Al Ojaimi Contracting Establishment on 6 April 2026.
The 12-month agreement aims to supply cable products for power generation and transmission projects in Saudi Arabia, according to a bourse filing.
Meanwhile, the contract’s financial impact is expected to start appearing from the fourth quarter (Q4) of 2026.
During 2025, Riyadh Cables generated an annual jump of 32.29% in net profits to SAR 1.08 billion, compared to SAR 816.69 million.
