Senaat Subsidiary Wins SAR 362.6M Algeria Contract
SENAAT 2240.SA | 0.00 |
On May 5, 2026, Advanced Building Industries Company "Senaat" announced that its subsidiary Zamil Structural Steel Co. (Egypt) signed a contract with Elegancia Steel Company (Qatar) for the design, manufacture, and supply of steel structures and cladding works with insulating panels for Baladna Algeria S.P.A. in Algeria. The contract, valued at SAR 362,601,318 (excluding VAT), was signed on May 4, 2026, and covers an 18-month project duration with execution scheduled from May 2026 to November 2027. The project involves steel structure work for a comprehensive dairy and agriculture facility in Adrar, Algeria, including cattle farms, powdered milk factories, processing facilities, and warehouses as part of Baladna's $3.5 billion integrated dairy development.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94963&anCat=1&cs=2240&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
