That is a significant move for Tadweeer (National Environmental Recycling Co.), especially as they gear up for a major transition year.The SAR 63.8 million contract with Tobal Co. (likely Topal Advanced Trading, a key industrial material supplier in Riyadh) is a strategic play to lock in the "feedstock" needed for their recycling plants.
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| Special Thanks: TADWEER |
Here is a breakdown of why this deal matters and what it signals for the company in 2026:
Key Highlights of the Deal
Value: SAR 63.8 Million (approx. $17M USD), excluding VAT.
Purpose: Procurement of raw materials for recycling. Tadweeer primarily processes electronic and electrical waste (WEEE) to extract metals like copper, aluminum, and iron.
Timeline: Financial impact is expected to hit the books in Q1 2026, coinciding with the start of production using these materials.
Strategic Context: This follows Tadweeer’s recent SAR 90 million Islamic financing deal with SAB (Saudi Awwal Bank) in January 2026, which was intended to boost their working capital.
Why 2026 is a "Pivot Year" for Tadweeer
This contract is part of a much larger scaling effort. Tadweeer is currently moving from being a niche recycler to a major industrial player in the Saudi "Circular Economy":
- Production Surge: The company has been aiming to grow its annual production capacity to 128,000 tons by 2025/2026.
- The Chery Partnership: They recently signed an agreement with the Chinese automaker Chery to build a specialized aluminum smelter in Saudi Arabia. This raw material contract likely secures the "scrap" needed to feed such advanced industrial projects.
Quick Summary Table
| Detail | Information |
| Purchaser | National Environmental Recycling Co. (Tadweeer) |
| Seller | Tobal Co. (Topal Advanced Trading) |
| Total Value | SAR 63.8 Million |
| Expected Impact | Q1 2026 (Revenue & Production) |
| Primary Focus | Circular Economy / Metal Recovery |
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