Bawan subsidiary signs SAR 269 mln deal with Saudi Electricity

10/10/2018 Argaam

 

United Technology of Electric Substations and Switchgears Co., a subsidiary of Bawan Co., signed a SAR 269 million agreement with state-controlled utility, Saudi Electricity Company (SEC), to supply unit substations.

 

The financial impact of the nine-month deal is expected to show in H1 2019 results, Bawan said in a statement on Tadawul.

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