Al Akaria signs SAR 722.1M contract with DGCL for metro excavation

02/04/2024 Argaam
Logo ofSaudi Real Estate Co. (Al Akaria)

Logo of Saudi Real Estate Co. (Al Akaria)

Saudi Real Estate Co. (Al Akaria) signed on April 1 a contract with Diriyah Gate Company Limited (DGCL) for the excavation work of metro-box central, metro-box south and metro-box east.

 

The contract—worth SAR 722.1 million, inclusive of VAT—is valid for 1,276 calendar days. The relevant financial impact is expected to appear in Q1 2024, Al Akaria said in a statement to Tadawul.

 

The Public Investment Fund (PIF) is a related party.

 

In December 2023, Al Akaria said that its subsidiary, Saudi Real Estate Infrastructure Co. (Binyah), had won a contract for the metro-related excavation works, Argaam earlier reported.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.