| Element List | Explanation |
|---|---|
| Introduction | The National Metal Manufacturing and Casting Co. is pleased to announce to its shareholders the signing of a Supply Contract between its subsidiary (BAAS Gulf Industry Company - Valves Plant), with Harbin Electric International Company. |
| Date of Announcement of the Award | 2026-04-18 Corresponding to 1447-11-01 |
| Contract Subject Matter | Supply Contract |
| The Entity with Which the Contract was Signed | HARBIN ELECTRIC INTERNATIONAL COMPANY |
| Date of Signing the Contract | 2026-04-18 Corresponding to 1447-11-01 |
| Contract Value | SAR 10,084,554 Including VAT |
| Contract Details | The two parties, BAAS Gulf Industry Company (a branch of the company) (the first party) and Harbin Electric International Company (the second party), agreed that the branch of the company would supply the second party with types of valves used in the Rumah Power Project in KSA. |
| Contract Duration | 2 Years |
| Financial Impact and the Relevant Period | The financial impact will be reflected positively at the end of 2026. |
| Related Parties | NONE |
| Additional Information | Any developments concerning Bass Gulf Industry Company will be announced later. |
National Metal Manufacturing and Casting Co. Announces Contract Sign Off with HARBIN ELECTRIC INTERNATIONAL COMPANY
AI Summary
- National Metal Manufacturing and Casting Co. (Maadaniyah) subsidiary, BAAS Gulf Industry Company, signed a SAR 10,084,554 supply contract with Harbin Electric International Company.
- The contract involves the supply of various valve types for the Rumah Power Project in Saudi Arabia over a two-year duration.
- The agreement was formally signed on April 18, 2026, with no related parties involved in the transaction.
- A positive financial impact is expected to be reflected in the company's financial results by the end of 2026.
