Riyadh Cables lands Saudi power project supply contract

08/04/2026 06:16 AST

Riyadh Cables Group Company has announced that it has sealed a supply contract worth SAR450 million ($120 million) with Saudi-based Mohammed Al Ojaimi Contracting Establishment.

As per the deal, the Saudi group will be responsible for the supply of cable products at some of Mohammed Al Ojaimi's key power generation and transmission projects in the region.

A regional pioneer in the wire and cables industry in the region, Riyadh Cables' affiliates extend to 22 domestic/regional locations, including Riyadh/Saudi Arabia, UAE and Iraq Republic. The company manufactures and supplies all types of wire and cables at its state-of-art facilities.

The agreement stipulates the supply of power transmission cables to support a number of projects undertaken by Mohammed Al-Ojaimi Contracting Establishment, said Riyadh Cables Group in its filing to Saudi bourse Tadawul.

The entire contract will be completed within a 12-month period, it stated.

On the financial impact, the Riyadh Cables Group said it will start appearing from the forth quarter of 2026.

This contract reflects the company's strong market position and the high level of trust it built among its clients.


Trade Arabia

Most Viewed Companies

Ticker Price Volume

Valuation

RIYADHCABLES Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ASTRAINDUSTRIAL 144.10 -1.20 (-0.83%)
ALBABTAIN 62.15 -2.20 (-3.42%)
SAUDICERAMICS 28.62 -0.32 (-1.11%)
BAWAN 44.62 -0.34 (-0.76%)
EIC 17.34 0.56 (3.33%)

Recent News

Gulf Bank issues its 2025 Sustainability Report

10/04/2026

Gulf Bank has issued its sixth annual Sustainability Report for the year 2025, titled "Converting to a Sustainable Path," highlighting the Bank's ESG progress and performance. The report reflects the

Kuwait Times

Saudia to Partially Resume Flights To, From Dubai, Abu Dhabi, and Amman on Saturday

10/04/2026

Saudia announced on Thursday the partial resumption of its operations to and from Dubai, Abu Dhabi, and Amman starting Saturday, April 11.

In a post on its official account on the social med

Asharq Al Awsat

Zain Bahrain names Ammar Al Ketbi as new CEO

09/04/2026

Zain Bahrain, a leading provider of telecom services, innovative technologies and digital lifestyle experience in the kingdom, has appointed Ammar Al Ketbi as its new Chief Executive Officer.

Trade Arabia

Al Mal Capital appoints Sanjay Vig as Chief Executive Officer

09/04/2026

Al Mal Capital , a UAE based investment management and financial advisory firm, licensed by the Capital Markets Authority (CMA) has appointed Sanjay Vig as the Chief Executive Officer.

Vig

Trade Arabia

Abu Dhabi Maritime Academy inks deal with Congolese mining firm

09/04/2026

Abu Dhabi Maritime Academy (ADMA), the region's leading academic institution for maritime training, and an integral part of AD Ports Group, has signed a research, development, and operational deploym

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap