Multi Business receives stc PO at over 15% of 2025 revenue
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1927631
- Published
- 2026-08-10 10:46:00
- Discovered by ProcIntel
- 2026-08-10 18:28:51
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/c02f2b90-c004-4005-a492-5295808e2e22.png" ></p> <p class="ckeCaption" >Logo ofMulti Business Group Co.</p> <hr> <div data-olk-copy-source="MessageBody" ><a href="https://www.argaam.com/en/tadawul/nomu/multi-business" target="_blank">Multi Business Group Co.</a> received a purchase order (PO) from <a href="https://www.argaam.com/en/tadawul/tasi/stc" target="_blank">stc</a> for improvement of workplace environment at Building (T4), with a value exceeding 15% of the company’s 2025 revenue.</div> <div data-olk-copy-source="MessageBody" ></div> <div data-olk-copy-source="MessageBody"> <p >The company said in a statement on <strong>Tadawul </strong>that the project includes architectural finishing works as well as electrical and mechanical engineering works.</p> <p ></p> <p >The purchase order has a six-month term and is expected to have a positive impact on the company’s financial results for H2 2026.</p> <p ></p> <p >Multi Business received on Aug. 9 a copy from the purchase order dated June 30, 2026.</p> <p ></p> <p >The company had previously disclosed the extension of an agreement for renovation, workplace improvement, and sales outlets on June 17, 2025.</p> <p ></p> <p >There are no related parties, the statement said.</p> <p ></p> <p >According to <span ><strong>Argaam </strong></span>data, Multi Business generated revenue of SAR 135.34 million last year, 15% of which amounts to approximately SAR 20.3 million.</p> </div>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "2 linked geographies"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.