Al-Babtain signs SAR 148 million supply contract

16/04/2014 Argaam

Al-Babtain Power and Telecommunication signed today a SAR 148 million contract for the making and supply of power transmission towers with the National Contracting Company (NCC), under the supervision of Saudi Electricity Company (SEC).

The contract is valid for 15 months as of the date of signing, and will be financed by Al-Babtain’s internal resources.

Al-Babtain expects a financial impact starting the fourth quarter.

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