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Element List	Explanation
Introduction	Mohammed Hadi Al-Rasheed & Partners Company announces the signing of a contract with National Petroleum Technology Company (NESR) for the supply of high-quality silica sand, which is a key component in unconventional gas extraction operations at the Jafurah Field. This contract follows NESR’s announcement, as a leading provider of oilfield services in the Middle East, North Africa, Asia, and the Pacific region, of being awarded a five-year contract to continue providing unconventional gas extraction services at the Jafurah Field. The signing of this contract represents a significant milestone that reflects the Company’s leading position in the Saudi mining sector. The contract extends for a period of five (5) years with National Petroleum Technology Company (NESR). The signing of this contract aligns with the Company’s strategy and is expected to contribute to achieving the growth and returns targeted under its strategic objectives.
Date of Announcement of the Award	2025-12-24 Corresponding to 1447-07-04
Contract Subject Matter	Signing of a High-Quality Silica Sand Supply Contract with National Petroleum Technology Company (NESR) for a Period of Five (5) Years.
The Entity with Which the Contract was Signed	National Petroleum Technology Company (NESR)
Date of Signing the Contract	2025-12-24 Corresponding to 1447-07-04
Contract Value	The total value of the supplies exceeds SAR 1.1 billion.
Contract Details	The Company will supply high-quality silica sand to National Petroleum Technology Company (NESR) for a period of five (5) years.
Contract Duration	Five (5) years
Financial Impact and the Relevant Period	The contract is expected to have a positive impact on the Company’s revenues starting from the first quarter of 2026 and throughout the contract duration.
Related Parties	None

Announcement by Mohammed Hadi Al-Rasheed & Partners Company Regarding the Signing of a High-Quality Silica Sand Supply Contract with National Petroleum Technology Company (NESR)