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Keir International announces signing a contract with NOTIONAL Grid SA for replacement cable circuit at a station in Riyadh city, with a total value of 33,686,533 including the value added tax.
| Element List | Explanation |
|---|---|
| Introduction | Keir International announces the signing of a contract with the National Grid - SA 28/12/2023 AD To implement the cable circuit replacement project at a station in Riyadh city |
| Date of Announcement of the Award | 2023-11-02 Corresponding to 1445-04-18 |
| Contract Subject Matter | High-voltage underground cable works |
| Date of Signing the Contract | 2023-12-28 Corresponding to 1445-06-15 |
| Contract Value | 33,686,533 including VAT (15%) Thirty-three million, Six hundred and Eighty-six thousand, Five hundred and thirty-Three Saudi Riyals |
| Contract Details | The replacement of the current 132 kV underground electrical cable with a new 1200 mm² cable and the communication work related to SCADA, SAS, and cybersecurity systems |
| Contract Duration | Twenty months from the date of signing the contract |
| Financial Impact and the Relevant Period | The financial impact will appear in the first quarter of 2024 until the fourth quarter of 2025 |
| Related Parties | N/A |
| Additional Information | 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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