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Saudi Arabian Refineries Company (SARCO) announcement regarding the signing of a contract by Raya Al-Tajdeed Contracting Company – 35% owned by SARCO – with Al-Fayziyah Real Estate Development Company

2030
SARCO
-0.34 %
1448/03/20     02/09/2026 16:00:15

Element ListExplanation
Introduction Saudi Arabian Refineries Company (SARCO) announces that Raya Al-Tajdeed Contracting Company, 35% owned by SARCO, has signed a contract with Al Fayzia Real Estate Development Company to construct residential villas in Riyadh City.
Date of Announcement of the Award 2026-09-02 Corresponding to 1448-03-20
Contract Subject Matter Signing a contract for the construction of a residential project in Riyadh
The Entity with Which the Contract was Signed Al-Fayziyah Real Estate Development Company (owned by Ithraa Holding)
Date of Signing the Contract 2026-09-02 Corresponding to 1448-03-20
Contract Value SAR 2,520,000 (excluding Value Added Tax)
Contract Details Construction of residential villas in Riyadh
Contract Duration 4 months
Financial Impact and the Relevant Period The financial impact will appear starting from the fourth quarter of 2026
Related Parties Ithraa Holding Company, associated with the Managing Director and Board Member Eng. Mohammed Iqbal Dabboul – a related party

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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