Shmoh Almadi Co Announces Contract Sign Off with Osus Modern Buildings Company

Element List	Explanation
Introduction	Shmoh Almadi Co announces the signing of a contract with Osus Modern Buildings Company . to carry out the finishing works for the company’s factory located in the Second Industrial City in Al-Qassim. The contracted company is the same company currently carrying out the structural concrete and construction works for the factory. The signing of this contract comes as part of the stages of establishing the company’s new factory and as an extension of its strategy aimed at expanding its production capacity by increasing current production volumes and meeting the growing demand for its products according to high quality standards, thereby enhancing the company’s competitiveness in the Saudi market and supporting the achievement of its targeted growth and returns within the company’s strategy.
Date of Announcement of the Award	2026-06-16 Corresponding to 1448-01-01
Contract Subject Matter	Osus Modern Buildings Company . carrying out the finishing works for the company’s factory located in the Second Industrial City in Al-Qassim
The Entity with Which the Contract was Signed	Osus Modern Buildings Company
Date of Signing the Contract	2026-06-16 Corresponding to 1448-01-01
Contract Value	10,845,000 SAR excluding Value Added Tax (VAT)
Contract Details	Osus Modern Buildings Company . carrying out the finishing works for the company’s factory located in the Second Industrial City in Al-Qassim, in accordance with the required specifications and conditions
Contract Duration	12calendar months
Financial Impact and the Relevant Period	The financial impact is expected to have a positive reflection on the results upon the commencement of the factory’s operations.
Related Parties	There is no