Logo of KEIR International Co.
KEIR International Co. signed a contract worth SAR 48 million, including 15% VAT, with National Grid SA to connect Al-Aridh Bulk Supply Point (BSP) with the 132 KV Network in Riyadh.
Under the 21-month contract, KEIR International will carry out tasks related to high-voltage 132-KV underground cable installation, station protection, communications, and the implementation of remote-control systems, according to a statement to Tadawul.
The financial impact will appear from the first quarter of 2024 until the fourth quarter of 2025, with no related parties to the contract, the statement added.
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