Saudi Arabian Refineries Company (SARCO) has announced that its key subsidiary Raya Al Tajdeed has secured a SAR100 million ($26.7 million) contract from a multinational education company for the construction and finishing works of its prime projects in the capital Riyadh.

SARCO has a 35% stake in Raya Al-Tajdeed Contracting Company.

Under the two-year contract, Raya Al Tajdeed will carry out construction and finishing works for projects owned by the education company in Riyadh, SARCO said in its filing to the Saudi bourse Tadawul.

The financial impact of the contract is expected to begin in the fourth quarter of 2026.-TradeArabia News Service