IssuerAnnouncementDetailsV2Portlet
Actions
Saudi Cable Company announces that the company's branch in the Kingdom of Bahrain has signed a project contract with Diyar Al Muharraq Company (Kingdom of Bahrain)
2110
SAUDI CABLE
-0.38
%
1446/06/11 12/12/2024 16:05:24
| Element List | Explanation |
|---|---|
| Introduction | Saudi Cable Company is pleased to announce that the company's branch in the Kingdom of Bahrain has signed a project contract with Diyar Al Muharraq Company (Kingdom of Bahrain), Which will positively affect the company’s interest and reputation and enhance its presence in the cable sector at the regional level. |
| Date of Announcement of the Award | 2024-11-17 Corresponding to 1446-05-15 |
| Contract Subject Matter | Turnkey project |
| The Entity with Which the Contract was Signed | Diyar Al Muharraq Company (Kingdom of Bahrain) |
| Date of Signing the Contract | 2024-12-11 Corresponding to 1446-06-10 |
| Contract Value | 26,657,321.72 (Twenty-six million six hundred and fifty-seven riyals, three hundred twenty-one riyals and seventy-two halalas). |
| Contract Details | A turnkey project, For the extension, installation and delivery of power with a voltage of 66 kV, including: (excavation works - supply of cables - extension of cables - work of electrical connections - work of government permits and approvals - voltage test on site - asphalting works - supply of accessories - installation of accessories. |
| Contract Duration | 30 months After delivery of bank guarantees. |
| Financial Impact and the Relevant Period | This agreement is expected to have a positive financial impact on the company starting from the second quarter of 2025, The financial payments will be received on what has been completed and billed in three stages, the first payment is estimated at 21,723,490 (twenty-one million seven hundred and twenty-three and four hundred and ninety) Saudi riyals, the second payment is estimated at 3,791,040 (three million seven hundred and ninety one thousand and forty riyals), and the last payment is estimated at 1,142,780 (one million one hundred and forty-two thousand seven hundred and eighty riyals). |
| Related Parties | There are no related parties within the contract. |
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.
Share
Company Performance
SAUDI CABLE
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 103.6
Net Change -0.4 (-0.38%)
Value Traded (Sar) 11,484,285.6
Volume Traded 110,887
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions