Rawasi Albina inks SAR 13.6 mln contract with SEC

10/08/2023 Argaam
Logo ofRawasi Albina Investment Co.

Logo of Rawasi Albina Investment Co.

Rawasi Albina Investment Co. signed today, Aug. 10, a contract with Saudi Electricity Co. (SEC) to add new feeder panels in substations 8909-8926-8925 in Hail, at a total value of SAR 13.61 million (VAT inclusive).

 

In a statement to Tadawul, the company said the contract was awarded on July 31, 2023, valid for 18 months.

 

It expects the related financial impact to be reflected during H2 2023, for one year, with no related parties.

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