Rawasi Albina, TAWAL sign SAR 12M contract

12/06/2024 Argaam

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Logo ofRawasi Albina Investment Co.

Logo of Rawasi Albina Investment Co.

Rawasi Albina Investment Co. signed a contract with Telecommunications Towers Company Limited (TAWAL) for SAR 11.92 million, including value-added tax (VAT).

 

The company explained in a statement on Tadawul that the six-month project related to the replacement of electromechanical equipment for mobile sites.

 

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The financial impact is expected to show as of the second half of 2024 and until the first half of 2025, the company said, noting that there are no related parties.

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