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Zamil Industrial Investment Company Announces Signing a Contract with SAMI LAND Systems for the Construction of an Industrial Complex to Develop and Support the Defense Sector in Al Kharj, Saudi Arabia
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ZAMIL INDUST
1.37
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1445/05/26 10/12/2023 15:40:09
| Element List | Explanation |
|---|---|
| Introduction | Advancing the company’s strategic direction expanding in the industrial sector, which includes HVAC products and services, steel structures, and insulation materials, Zamil Steel Construction Company, a fully owned subsidiary of Zamil Industrial Investment Company, signed a contract with SAMI LAND Services for the construction of an industrial complex that will develop, design, and manufacture land defense systems in Al-Kharj, Saudi Arabia, valued at SAR 574,885,000 (including VAT). |
| Date of Announcement of the Award | 2023-12-10 Corresponding to 1445-05-26 |
| Contract Subject Matter | Construction of an industrial Complex for SAMI LAND Services in Al-Kharj, Kingdom of Saudi Arabia |
| Date of Signing the Contract | 2023-12-10 Corresponding to 1445-05-26 |
| Contract Value | SAR 574,885,000 (including VAT) |
| Contract Details | The scope includes performing all required work for the construction of the manufacturing facilities, utility buildings, admin offices, and external areas, and includes structural, civil, finishing, and MEP works. The company will supply its HVAC products and services, insulated panels, steel structures, and insulation materials. |
| Contract Duration | 16 Months |
| Financial Impact and the Relevant Period | The financial impact of this contract will be reflected in the company’s financial statements from the first quarter of 2024. It is expected to have a positive financial impact upon completion of each phase of the project. |
| Related Parties | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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