Riyadh – Mubasher: Saleh Abdulaziz AlRashed & Sons Company has signed a supply agreement with the FCC-Al Mabani joint venture (JV), a partnership comprising the branch of FCC Construcción and Al Mabani General Contractors.
The short-term contract focuses on the provision of aggregate construction materials, according to a bourse filing.
The joint deal is valued at more than 5% of Saleh Abdulaziz AlRashed & Sons’ total annual revenues based on its most recent audited financial statements for the year 2025.
This strategic agreement, which was signed on 21 May 2026 and hold a four-month tenor, is expected to provide a notable boost to the company’s financial performance, with the resulting revenue impact projected to manifest during the third quarter (Q3) of 2026.
The agreement further establishes a formal framework for the company to serve as a primary supplier of aggregate materials, commonly referred to as crushed stone or gravel, for the JV’s ongoing operations.
The listed entity has clarified that there are no related parties involved in this transaction, ensuring that the agreement was reached on an arm’s length basis.
Meanwhile, the signing of this contract underscores the company’s capacity to meet the material demands of large-scale infrastructure partnerships involving international and local construction leaders.
The FCC-Al Mabani JV represents a collaboration between two major entities in the construction and infrastructure sector, namely the Saudi-based Al Mabani General Contractors and the local branch of the Spanish international construction firm FCC Construcción.
Earlier in May 2026, Saleh Abdulaziz Al Rashed & Sons obtained Sharia-compliant bank facilities totaling SAR 50 million in an agreement with Alinma Bank.
It is worth noting that the company started trading on the Saudi Exchange (Tadawul) in March this year.
