Keir, METSCCO sign SAR 130M infrastructure cooperation deal

Logo of Keir International Co.

Keir International Co. signed a one-year strategic cooperation agreement worth SAR 130 million with METSCCO to support the execution of several infrastructure projects in Saudi Arabia, according to a statement to Tadawul.

Under the agreement, METSCCO will provide supply, execution, operational support, subcontractor management, logistics, technical support, and other ancillary services required for the implementation of infrastructure projects.

Keir said the agreement is expected to enhance its execution capabilities, improve supply chain management efficiency, and accelerate the delivery of infrastructure projects related to its electrical business activities.

The agreement serves as a strategic framework for cooperation between the two parties to support the execution of Keir’s current projects.

It currently has no standalone measurable financial impact, and any material developments or future financial effects will be disclosed in accordance with applicable regulations and instructions.

Keir added that there are no related parties involved in the agreement.