Rawasi Albina inks SAR 2.8 mln contract with Saudi Electricity

03/08/2023 Argaam

Rawasi Albina inks SAR 2.8 mln contract with Saudi Electricity

Logo of Rawasi Albina Investment Co.

Rawasi Albina Investment Co. signed today, Aug. 3, a contract with Saudi Electricity Co. to implement a project for the addition of new feeder panels in substation 8701 in Al-Kharj, for SAR 2.82 million (VAT inclusive).  

 

The 18-month contract was awarded to the company on July 24, Rawasi Albina said in a statement on Tadawul.  

 

The financial impact of the contract may appear during the second half of 2023, and last one year. 

 

There are no related parties to the contract, the company added.

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