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Gas Arabian Services Co. Announces Contract Sign Off with Saudi Arabian Oil Company (Saudi Aramco)
| Element List | Explanation |
|---|---|
| Introduction | Referring to the company's previous announcement on 27/02/2024 G on the Tadawul website regarding receiving (non-binding) letter of intent from Saudi Arabian Oil Company (Saudi Aramco). GAS Arabian Services Company announces the Contract Sign Off with Saudi Arabian Oil Company (Saudi Aramco) for Engineering, Procurement and Construction work towards Master Gas System Expansion in East & Qassim Clusters. |
| Date of Announcement of the Award | 2024-05-29 Corresponding to 1445-11-21 |
| Contract Subject Matter | Engineering, Procurement and Construction work towards Master Gas System Expansion in East & Qassim Clusters. |
| The Entity with Which the Contract was Signed | Saudi Arabian Oil Company (Saudi Aramco) |
| Date of Signing the Contract | 2024-05-29 Corresponding to 1445-11-21 |
| Contract Value | SAR 416,255,967 excluding VAT. |
| Contract Details | Engineering, Procurement and Construction work towards Master Gas System Expansion in East & Qassim Clusters. |
| Contract Duration | 30 months |
| Financial Impact and the Relevant Period | The financial impact on the company's financial statements will appear during the years 2024 to 2026. |
| Related Parties | None. |
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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