Azarab Discloses Equipment Contract With Marun and Boiler Repair Work at Bandar Imam

In a Group B Codal disclosure on Monday, 19 October 2026, Azarab Industries (AZAB) said it had signed a contract to supply materials, build and deliver three boiler economisers to Marun Petrochemical for €535,500. Its subsidiary, Azarab Industries Technology Management, also disclosed a €280,000 boiler repair and refurbishment contract with Bandar Imam Petrochemical. The two contracts total €815,500, according to the company. Work is contingent on providing advance-payment guarantees, fulfilling obligations and receiving advance payments, so the contract value is not revenue already earned today. Azarab states an expected profit margin of 18% on the work.