Zamil Industrial affiliate wins SAR 118.8 mln deal from SEC

12/07/2015 Argaam

Zamil Structural Steel Company Ltd. (ZSSC), a wholly-owned subsidiary of Zamil Industrial Investment Co. (Zamil Industrial), has won a SAR 118.8 million deal from Saudi Electricity Co. (SEC) to supply various structural steel products for the Riyadh Power Plant 14 (PP 14) project in the central region of the kingdom.

 

The 12-month supply deal was signed on July 9, adding that the first delivery will start in the fourth quarter 2015, with all project works set to be completed by end of second quarter 2016.

 

The contract is expected to have a positive impact on the company's consolidated financials at the end of each stage during 2015 and 2016.

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