Mayar subsidiary enhances contract with NEOM by SAR 2.3M

09:24 AM (Mecca time) Argaam
Logo ofMayar Holding Co.

Logo of Mayar Holding Co.

Mayar Holding Co. announced a SAR 2.3 million increase, excluding VAT, in the contract value between its subsidiary, Saudi Drip Irrigation Co., and NEOM Co.

 

In a statement to Tadawul, the company noted that this increase represents 8% of the original contract value.

 

For more news on listed companies

 

It also highlighted that the financial impact of this adjustment will positively reflect on Mayar’s financial results for 2025.

 

In November 2023, Saudi Drip signed a contract with NEOM to execute operation and maintenance works for the NEOM project over 24 months, valued at SAR 28.9 million, excluding VAT, data compiled by Argaam showed.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.