IssuerAnnouncementDetailsV2Portlet
Actions
Saudi Cable Company announces the signing of a contract with Bilaj Aljazayer (Kingdom of Bahrain)
2110
SAUDI CABLE
-0.38
%
1446/06/11 12/12/2024 16:05:56
| 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 Bilaj Aljazayer Company (Kingdom of Bahrain. |
| Date of Announcement of the Award | 2024-12-09 Corresponding to 1446-06-08 |
| Contract Subject Matter | A turnkey project |
| The Entity with Which the Contract was Signed | Bilaj Aljazayer (Kingdom of Bahrain) |
| Date of Signing the Contract | 2024-12-11 Corresponding to 1446-06-10 |
| Contract Value | 38,086,355.45 (Thirty-eight million eighty-six thousand, three hundred and fifty-five riyals and forty-five 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 | 10 months after delivery of bank guarantees |
| Financial Impact and the Relevant Period | It is expected that this contract will have a positive financial impact on the company starting from the first quarter of 2025, and the financial payments will be received as follows: The first payment is SAR 5,712,953.31 (five million seven hundred twelve thousand, nine hundred and fifty-three riyals and thirty-one halalas), and the second payment will be received after shipping the products and is estimated at SAR 24,756,131.54 (twenty-four million seven hundred fifty-six hundred and thirty-one riyals and fifty-four halalas) Saudi riyals, and the third payment will be received after receiving Project construction certificate estimated at SAR 5,712,953.31 (five million seven hundred twelve thousand nine hundred and fifty-three riyals and thirty-one halalas), and the fourth and final payment after receiving the performance certificate and project efficiency estimated at 1,904,317.77 riyals (one million nine hundred four thousand three hundred seventeen riyals and seventy-seven halalas). |
| 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