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Saudi Arabian Refineries Co. (SARCO) has announced that its subsidiary, Advanced Industrial Supplies Co., signed a commercial contract valued at SAR 12.87 million. Under the agreement, Advanced Industrial Supplies Co. will execute specialized works for the National Guard Housing Project located in Yanbu. SARCO maintains an effective controlling interest in the subsidiary via an 85% ownership stake through Masafi Ventures Co.
The project scope spans a duration of 12 months and focuses on the supply and installation of wooden doors for the housing complex. The contract execution has been subcontracted to Saudi Binladin Group, one of the region's largest construction conglomerates. The financial results arising from this deal are slated to reflect on SARCO's financial statements beginning in the fourth quarter of 2026.
This contract victory highlights ongoing commercial activity within government-backed housing and infrastructure developments across Saudi Arabia. While the overall contract size is modest relative to major energy infrastructure projects, it provides steady revenue visibility for SARCO's subsidiary. Investors will likely track contract execution deadlines and potential additional deal awards under regional development mandates.
