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KEIR cancels contract with Arail Construction
24/01/2024
Argaam
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Logo of KEIR International Co.
KEIR International Co. cancelled its contract with Arail Construction & Industrial Co. Ltd., announced on Jan. 15, according to a statement to Tadawul.
No party shall bear any liability for the contract cancellation, and no relevant financial impact was determined, the statement added.
On Jan. 15, KEIR signed a SAR 25.18 million contract with Arail to construct housing facilities for non-administrative employees in Sindalah-NEOM, Argaam reported.
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