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 129.50 -0.60 (-0.47%)
ALBABTAIN 58.30 0.35 (0.60%)
GAS 16.62 -0.18 (-1.08%)
SAUDICERAMICS 23.14 0.14 (0.60%)
EIC 15.21 -0.02 (-0.14%)

Recent News

Solidarity Bahrain recognised for Digital Transformation Excellence

30/09/2026

Solidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, has been named 'Best Digital Transformation Company Bahrain 2026' by the World

GDN Online

e& UAE unveils secure communications solution Rannah

30/09/2026

e& UAE has unveiled Rannah, a "Made in UAE" secure communications solution developed in collaboration with the Cyber Security Council (CSC) and fully designed, developed and hosted in the country.

Trade Arabia

Saudi Steel Pipe seals key Aramco supply contract

30/09/2026

Saudi Steel Pipe Company (SSP) has announced that it has won a SAR73 million ($19.2 million) contract to supply steel pipes for oil and gas to Saudi oil giant Aramco.

A major player in the r

Trade Arabia

SABIC AN selects KBR technology for new Jubail Ammonia plant

30/09/2026

KBR has announced that SABIC Agri-Nutrients (SABIC AN) has selected its Purifier technology for a new 3,500 metric tonnes per day (MTPD) single-train ammonia plant in Jubail, Saudi Arabia.

U

Trade Arabia

Jazeera Airways selects CFM LEAP-1A engines for nine additional A320neo aircraft

30/09/2026

Jazeera Airways has selected CFM International LEAP-1A engines to power nine additional A320neo aircraft, expanding its existing engine services agreement with CFM to cover the airline's current and

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