Rawasi Albina inks SAR 8.3 mln deal with stc

29/10/2023 Argaam

Rawasi Albina inks SAR 8.3 mln deal with stc

Logo of Rawasi Albina Investment Co.

Rawasi Albina Investment Co. signed today, Oct. 29, a contract worth SAR 8.34 million (VAT inclusive) with stc to undertake a purchase order for the replacement of electromechanical equipment for the latter’s mobile sites.

 

According to a Tadawul filing, there are no related parties involved in the 12-month contract.

 

The related financial impact will be reflected in Rawasi Albina’s financial results from H2 2023 to H2 2024, the statement added.

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