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Steel & Metal
- Saudi Arabia -

Yamamah Steel Secures SAR 95 Million Contract for High-Voltage Line Towers

Yamamah Steel Industries Company has signed a contract with National Contracting Company Limited to supply steel towers for a 380 kV high-voltage line, valued at 95 million riyals. The contract, announced on December 9, 2024, will last one year, with supply operations commencing in May 2025. The financial impact of this contract is expected to reflect in the third quarter of 2025. In the third quarter of this year, Yamamah reported a net profit of 6.5 million riyals, recovering from a net loss of 47.5 million riyals in the same period last year due to improved sales and reduced costs in construction and electricity sectors.

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