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Gas Arabian Services Co. Announces that it has received (non-binding) letter of intent from Saudi Arabian Oil Company (Saudi Aramco) for Engineering, Procurement and Construction work towards MGSE in East & Qassim Clusters

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GAS
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1445/08/17     27/02/2024 08:31:55

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Announcement Detail Gas Arabian Services Co. announces the receipt of (non-binding) letter of intent on 26th Feb, 2024 from Saudi Arabian Oil Company (Saudi Aramco) for Engineering, Procurement and Construction work towards Master Gas System Expansion (MGSE) in East & Qassim Clusters.

The letter included providing Engineering, Procurement and Construction work for an amount of SAR 416,255,967

Duration of letter of intent : 90 days from the date of signature.

No Related Parties.

This letter of intent is subject to execution of a final written contract between GAS Arabian Services Co. and Saudi Aramco.

The company will announce any future developments in this regard in due course, after the final written contract has been signed.

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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