Logo of Mayar Holding Co.
Mayar Holding Co. stated that its subsidiary Saudi Drip Irrigation Co. Ltd. signed on Nov. 9 a contract to carry out operation and maintenance (O&M) work at a NEOM project for a period of 24 months.
The contract value is SAR 28.9 million, exclusive of value-added tax (VAT), according to a Tadawul filing.
The relevant financial impact will be positive in the long term, the company said, adding that it is expected as of Q1 2024.
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