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Multi Business Group Co. has signed a contract with the Saudi Export-Import Bank (Saudi EXIM) to fit out and prepare the lender’s new headquarters. The project, valued at over 25% of the company’s 2025 revenue (SAR 33.84 million), includes architectural finishing and engineering works. The eight-month contract was awarded on May 17 and finalized on May 25, with financial impacts expected to materialize in 2026–2027. The deal has no related-party involvement, and the company reported SAR 135.34 million in revenue for 2025.
This contract represents a significant revenue boost for Multi Business, potentially enhancing its financial performance in the medium term. For traders, the deal could drive investor confidence in the company’s growth prospects, especially in the construction and infrastructure sectors, which are central to Saudi Arabia’s Vision 2030. The project also underscores Saudi EXIM’s expansion plans, aligning with broader economic development goals.
For the Saudi equity market, the contract may attract attention to Multi Business’s stock as a beneficiary of public-sector infrastructure projects. Investors should monitor the company’s quarterly reports for updates on project progress and revenue recognition. Additionally, the deal highlights the ongoing momentum in the Gulf’s construction sector, which could benefit other firms in the industry.
