Riyadh Cables Secures SAR 450 Million Power Supply Contract
Riyadh Cables has signed a SAR 450 million agreement to supply power transmission cables across the Kingdom.
Saudi-based Riyadh Cables Company has secured a contract worth SAR 450 million to supply power transmission cables within Saudi Arabia.
The agreement covers the provision of cables used in electricity transmission infrastructure, supporting the expansion and development of the national grid.
Riyadh Cables manufactures electrical and telecommunications cables for industrial, residential and commercial applications, with its products used in large-scale energy and infrastructure projects. The company is listed on the Saudi Stock Exchange under the symbol 4142.
The contract comes as demand for transmission infrastructure continues to grow, driven by ongoing investments in energy networks and grid efficiency across the Kingdom.
Following the announcement, Riyadh Cables’ shares recorded a 0.50% increase during trading sessions.
