KEIR, National Grid SA sign SAR 14.1M contract

03/01/2024 Argaam

KEIR, National Grid SA sign SAR 14.1M contract

Logo of KEIR International Co.

KEIR International Co. signed today, Jan. 3, a SAR 14.1 million contract with the National Grid-SA to implement a cable circuit replacement project at a station in Riyadh, according to a statement to Tadawul.  

 

The company will provide a 132-kilovolt high-voltage underground cables network. The contract also covers engineering designs, telecommunications and network protection systems.  

  

The contract is valid for 21 months from the date of signing. There are no related parties to the contract.  

  

The financial impact will appear from Q1 2024 to Q4 2025, KEIR added. 

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