Multi Business Signs STC Contract Exceeding 5% of 2024 Revenue

Multi Business Group Co. said on Sunday it signed a Public Works Frame Contract with Saudi Telecom Company (STC), valued at over 5% of its total revenue for fiscal year 2024.

The agreement includes construction, architectural, and interior fit-out work, as well as electrical and mechanical engineering services.

The company expects the contract to have a positive impact on its financial performance in the second half of 2025 and first half of 2026.