SAUDI CABLE RECEIVES SAR 15-17 MILLION PURCHASE ORDER

Saudi Cable Companys wholly owned subsidiary in Turkey, Mass Kablo, has won, Friday, June 1, 2012, an order for supply of 220 kV Cables for an important project in Russia. The value of the Purchase Order may vary between US $ 15 and 17 million approximately depending upon the cable type which is to be finalized. The deliveries are likely to start in the third or fourth quarter of 2012 and the financial effect of this Purchase Order will appear from the end of the year 2012 onwards