‎Bawan has confirmed contracts of over SAR 2.8B: CEO

Mohammed Al Balawi, CEO of BawanCo., gave a bullish outlook for the company’s financial results this year, noting that all of its products see strong demand with confirmed contracts at a total value exceeding SAR 2.8 billion.

Speaking to Argaam in a phone call, Al-Balawi said that Bawan has embarked on a certain strategy in 2022, which starts with exiting the concrete industry sector, followed by increasing its holding in the electrical industries sector, given its promising outlook and attractive profit margins.

Mohammed Al Balawi, CEO of BawanCo., gave a bullish outlook for the company’s financial results this year, noting that all of its products see strong demand with confirmed contracts at a total value exceeding SAR 2.8 billion.

Speaking to Argaam in a phone call, Al-Balawi said that Bawan has embarked on a certain strategy in 2022, which starts with exiting the concrete industry sector, followed by increasing its holding in the electrical industries sector, given its promising outlook and attractive profit margins.