Al-Layef Global Secures Contract for Environmental Compliance Services Amid Stock Surge

Al-Layef Global Environmental Services Company has announced securing a 3.5 million riyal contract with Qadat Al-Binaa Al-Hadith Company. The agreement involves conducting an environmental impact assessment and delivering environmental compliance services for the marine works associated with the rehabilitation of Lake Al-Arba'een in Jeddah.

In a statement issued today on the Saudi stock exchange platform (Tadawul), Al-Layef clarified that the project was awarded as part of routine operations and did not include any preferential advantages.

On the trading front, Al-Layef Global's shares (TADAWUL: 9597) saw a significant increase of 9.67%, gaining approximately 10.40 riyals per share. The stock traded at 118.00 riyals per share during today's Saudi stock exchange session, reflecting strong investor confidence in the company's growth prospects.

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