Al Hassan Ghazi Ibrahim Shaker Co. has signed a SAR 48.5 million contract with Al Fouzan Trading & General Construction Co. to supply LG chillers for government projects in Riyadh, the company said in a statement to the Saudi bourse, Tadawul.
Shaker is the authorized dealer and distributor of LG air conditioners in Saudi Arabia.
Under the agreement, Shaker will supply 12 LG centrifugal water chillers, with a total capacity of 35,000 refrigeration tons from the second quarter of 2016 onward with final delivery in Q4-2016.
Any financial impact will be booked in Q2 2016, the statement said.
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