Riyadh — Mubasher: Al Ashghal Al Moysra Company announced the signing of a contract amounting to SAR 16 million including value-added tax with the Zakat, Tax and Customs Authority (ZATCA), according to a bourse filing.
The agreement covers the provision of cleaning, maintenance, and operation services for the customs administration buildings at Jeddah Islamic Port and Rabigh Port, along with their respective facilities.
The contract signing follows an initial award notification issued on 25 August 2026.
Under the terms of the agreement, the project will span a duration of 36 months.
Meanwhile, Al Ashghal Al Moysra stated that there are no related parties involved in the transaction.
The company further expects the financial impact of this contract to be positive, with revenue recognition scheduled to be reflected in the financial results during 2027, 2028, and 2029.
This project aligns with the company's ongoing operations to provide integrated facility management and maintenance services for government infrastructure in the Kingdom.
