Bawan’s subsidiaries, SEC sign supply deals worth SAR 402 mln

30/08/2015 Argaam

United Transformers Electric Co., which is 85.5 percent owned by Bawan Co., has signed a SAR 225 million contract to supply electrical transformers to Saudi Electricity Co. (SEC), the parent company said in a statement to Tadawul.

 

In addition, another Bawan subsidiary United Technology of Electric Substations & Switchgears Co. (USSG), has inked an agreement worth SAR 177 million with SEC to supply power stations.

 

The deal, which is renewable and valid for one year, has been effective from August 16. The company will start supplying from the first quarter of 2016.

 

The financial impact of the deals will be reflected on Q1-2016 statements.

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.