Red Sea subsidiary inks SAR 253M construction contract

14/08/2024 Argaam
Logo ofRed Sea International Co.

Logo of Red Sea International Co.

Red Sea International Co.'s subsidiary, The Fundamental Installation for Electric Work Co. Ltd., signed today, Aug. 14, a contract worth SAR 253.09 million (VAT inclusive) with Modern Building Leaders Co. (MBL), according to a Tadawul statement.

 

Under the 564-day contract, the subsidiary will carry out the supply, installation, testing, and calibration of mechanical, electrical, and plumbing works at one of MBL's projects.

 

For more news on listed companies

 

The relevant financial impact will appear as of Q3 2024, the statement said, adding that the related parties are Red Sea International and MSB Holding Co.

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.