Riyadh — Mubasher: Saudi Arabian Refineries Company announced that Advanced Industrial Supplies Company, known as Lawazim Industrial Company, secured a subcontract project valued at SAR 12.87 million with Saudi Binladin Group.
The sub-agreement is related to the National Guard Housing project in Yanbu City, according to a bourse disclosure.
Lawazim Industrial, meanwhile, is 85% owned by SARCO’s subsidiary, Al Masafi Ventures.
The contract was signed on 22 August 2026, involving the supply and installation of wooden doors for the housing development.
The agreement carries a duration of 12 months, with the execution phase expected to contribute to the financial results starting from the fourth quarter (Q4) of 2026.
SARCO confirmed there are no related parties involved in the transaction, noting that this project aligns with the subsidiary's specialized industrial supply operations within the Kingdom's infrastructure and housing sectors.
