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Alwasail Industrial Co. has officially signed a SAR 11.97 million contract with Al Sabaq Al Arabi Trading & Contracting Co. The agreement spans a 12-month period from the initial supply date and focuses on the manufacturing and supply of specialized materials. These materials are intended for National Water Co's ongoing sewage network infrastructure projects and must comply strictly with pre-approved technical specifications.
From an investor perspective, this contract reflects continued momentum in Saudi Arabia's infrastructure and utilities construction sector. The deal demonstrates how domestic industrial suppliers continue to secure operational pipelines tied to large-scale national utility modernization projects, reinforcing corporate revenue visibility over the medium term.
The company stated that the financial impact of this commercial agreement is scheduled to materialize starting from the fourth quarter of 2026 and continue through the end of 2027. Market participants will be monitoring upcoming quarterly earnings releases and execution updates to gauge the ultimate contribution to Alwasail's bottom line.
