Riyadh – Mubasher: Baazeem Trading Company has signed a contract with Al Me'mar and Steel Company for the construction of a new warehouse in Khamis Mushait.
The agreement, valued at approximately SAR 4.60 million, was finalized on 19 August 2026.
Under the terms of the contract, Al Me'mar and Steel Company will execute the construction works over a duration of one year.
Baazeem Trading stated that the financial impact of this project will be realized upon completion, at which point the company’s property, plant, and equipment assets are expected to increase by SAR 4.60 million as the facility is integrated into its balance sheet.
The Saudi firm confirmed that there are no related parties involved in this transaction. The project is part of Baazeem Trading’s ongoing efforts to expand its logistical infrastructure and asset base within the Kingdom.
Earlier this month, the company announced a cash dividend distribution of SAR 7.09 million for the first half (H1) of 2026.
