Sakht Construction Says Its Subsidiary Has Chosen a Contractor to Complete the Ara and Kia Towers in Kish

Sakht International Construction (Sakht, ticker BSTE) said in a group-B Codal disclosure published on Tuesday 13 October 2026 (21 Mehr 1405) that its subsidiary Tisa Kish has selected a contractor to complete the civil works and electrical and mechanical installations of the Ara and Kia towers. The issuer says the decision followed a two-stage public tender, technical and financial assessment, and board approval.

The published disclosure text does not name the contractor or state a contract value, referring readers instead to an attached letter for procedural details. Selecting a contractor therefore should not be confused with completing construction, handing over units or recognising revenue. The development advances the project's contracting stage, but the final financial value is not clear from the main filing.