Saudi Cable’s Turkey subsidiary signs SAR 97 mln supply contract

14/09/2014 Tadawul

Saudi Cable Company said its Turkey-based subsidiary Demirer Kablo signed a SAR 97 million contract to supply, install and maintain power cables, voltage 380 kilovolts (extra high voltage), a filing to Tadawul said.

The company said the project will be financed by a letter of credit and will be finalized on July 9, 2016, anticipating a positive financial impact as of March 31, 2015.

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