| Element List | Explanation |
|---|---|
| Introduction | Al-Jouf Cement Company announces the signing of a sale and supply contract with Maham Construction & Contracting Company Limited Liability, one of the subsidiaries of Al-Hassan Holding Group, an investment group operating in the sectors of industry, construction, trade, and logistics services, for the supply of various types of cement and clinker for the purpose of export to the Syrian Arab Republic. |
| Date of Announcement of the Award | 2026-06-29 Corresponding to 1448-01-14 |
| Contract Subject Matter | Sale and supply of cement of various types and clinker for the purpose of export to the Syrian Arab Republic. |
| The Entity with Which the Contract was Signed | Maham Construction and Contracting Company LLC – one of the companies affiliated with Al Hassan Holding Group. |
| Date of Signing the Contract | 2026-06-29 Corresponding to 1448-01-14 |
| Contract Value | 55,406,250 SAR |
| Contract Details | The contract involves Al-Jouf Cement Company selling and supplying cement of various types and clinker according to the agreed commercial terms, technical specifications, and the supply and payment mechanisms agreed upon by both parties, for the purpose of export to the Syrian Arab Republic. |
| Contract Duration | One year from the date of signing the contract. |
| Financial Impact and the Relevant Period | The financial impact of the contract is expected to be reflected in the company's financial results starting from the third quarter of 2026, in accordance with the supply and implementation schedules stipulated in the contract. |
| Related Parties | There is none |
| Additional Information | Concurrently with the signing of the contract, Aljouf Cement Company and Maham Construction and Contracting Company Limited Liability signed a Memorandum of Understanding for strategic cooperation and exploration of investment and commercial opportunities, with the aim of establishing a general framework for collaboration between the two parties, studying opportunities for strategic partnerships and alliances, joint projects, and commercial and investment cooperation models, as part of the executive initiatives of the transformation strategy. The Memorandum of Understanding, in its current phase, does not entail any direct financial impact or any binding contractual obligations on either party, and any material developments or final agreements—if any—will be disclosed in accordance with the relevant regulations and instructions. |
Al Jouf Cement Company announces the signing of a contract with Maham Construction and Contracting Company LLC for the purpose of exporting cement and clinker to the Syrian Arab Republic.
AI Summary
- Al-Jouf Cement Company signed a one-year contract valued at 55,406,250 SAR with Maham Construction & Contracting Company LLC to supply cement and clinker for export to Syria.
- The contract was signed on June 29, 2026, and the financial impact is expected to be reflected in the company's financial results starting from the third quarter of 2026.
- Alongside the supply agreement, the parties signed a non-binding Memorandum of Understanding to explore strategic cooperation, joint projects, and investment opportunities as part of Al-Jouf's transformation strategy.
