KEIR cancels contract with Arail Construction

24/01/2024 Argaam

KEIR cancels contract with Arail Construction

Logo of KEIR International Co.

KEIR International Co. cancelled its contract with Arail Construction & Industrial Co. Ltd., announced on Jan. 15, according to a statement to Tadawul.

 

No party shall bear any liability for the contract cancellation, and no relevant financial impact was determined, the statement added.

 

On Jan. 15, KEIR signed a SAR 25.18 million contract with Arail to construct housing facilities for non-administrative employees in Sindalah-NEOM, Argaam reported.

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