Saudi Arabia: Mayar Holding expands partnership with NEOM
Mayar Holding Co. announced an SAR 2.3 million increase in the contract value between its subsidiary, Saudi Drip Irrigation Co., and NEOM Co., excluding VAT.
According to a statement to Tadawul,
this increase represents an 8% rise from the original contract value.
Read More Neom’s
commitment to sustainable agriculture aligns with Saudi Vision 2030
The company expects this adjustment
to positively impact its financial results for 2025.
In November 2023, Saudi Drip
Irrigation Co. signed a SAR 28.9 million contract, excluding VAT, with NEOM to
provide operation and maintenance services for the NEOM project over a 24-month
period, according to data compiled by Argaam.
Source: Argaam
0 Comments