Saudi-listed Al Ashghal Al Moysra Company has announced that it had been awarded a SAR1.97 million ($524,000) contract by the Royal Commission for Jubail and Yanbu to provide warehouse operations and management services at the authority’s facilities in Yanbu.

The final agreement is expected to be signed on November 10, the company said in its Saudi bourse filing.

Separately, Al Ashghal Al Moysra said it had signed a SAR17.9 million contract with Tatweer Building Company to remove surplus goods from warehouses.

The contract, signed early this month, has a three-month duration and excludes value-added tax.

Al Ashghal Al Moysra expects the second contract to have a positive financial impact in 2026, it added.-TradeArabia News Service