Shmoh Almadi Co. Announces Contract Sign Off with ROKN AL NILE CONTRACTING COMPANY
| Element List | Explanation |
|---|---|
| Introduction | Shmoh Almadi Company announces the signing of a contract with ROKN AL NILE CONTRACTING COMPANY to implement the concrete and structural works for the construction of a new factory for the company in Buraidah.
This contract is in line with the company's strategy to establish the company's factory, which aims to expand its production capacity by increasing the current production volume and meeting the growing demand for its products with high quality standards. This will enhance the company's competitiveness in the Saudi market and achieve the growth and returns the company targets within its strategy. |
| Date of Announcement of the Award | 2025-05-03 Corresponding to 1446-11-05 |
| Contract Subject Matter | ROKN AL NILE CONTRACTING COMPANY is carrying out the concrete and structural work for the construction of a new factory for the company in the city of Buraidah. |
| The Entity with Which the Contract was Signed | ROKN AL NILE CONTRACTING COMPANY |
| Date of Signing the Contract | 2025-05-03 Corresponding to 1446-11-05 |
| Contract Value | 8,150,000 eight million one hundred and fifty thousand Saudi riyals, excluding value-added tax |
| Contract Details | ROKN AL NILE CONTRACTING COMPANY is executing all concrete and structural works (main construction work) for the establishment of a new factory for the company in the city of Buraidah, in accordance with the approved technical and engineering specifications and the conditions required in the contract |
| Contract Duration | 12 Gregorian months |
| Financial Impact and the Relevant Period | The financial impact is expected to positively reflect on the results when the factory begins operations. |
| Related Parties | There is no |
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