Multi Business Group Co. Announces Project Contract Sign-Off with Riyadh Development Company to Design & Build the Riyadh Wholesale Market for Vegetables and Fruits Development Project
Date of Announcement of the Award
2025-10-30 Corresponding to 1447-05-08
Contract Subject Matter
Design & Build the Riyadh Wholesale Market for Vegetables and Fruits Development Project
The Entity with Which the Contract was Signed
Riyadh Development Company
Date of Signing the Contract
2025-11-18 Corresponding to 1447-05-27
Contract Value
Exceeding Value (85%) of the Company`s Total Revenues for the Financial Year 2024 AD
Contract Details
Design & Build the Riyadh Wholesale Market for Vegetables and Fruits Development Project, which includes Design, Construction, Architectural & Fit-out works, and Electrical & Mechanical Engineering.
Contract Duration
18 Months
Financial Impact and the Relevant Period
This Contract is expected to have a Positive Financial Impact on the Company`s Financial Results for the Second Half of the Year 2025 AD, the Year 2026 AD & the first half of the year 2027
Related Parties
NA
Additional Information
The Date in the Contract is (03-11-2025), and the Necessary Signatures Were Completed, and a Copy of the Contract Was Received on the Working Day on Tuesday, corresponding to (18-11-2025) AD.
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