Jabal Omar cancels SAR1.6 bln contract with Ruwad for review

01/09/2015 Argaam

Jabal Omar Development Co. has canceled a SAR 1.6 billion contract awarded to Ruwad Civil Construction so that Ruwad could review the terms and conditions of the contract, the company said in a statement to the Saudi bourse, Tadawul.

 

There is no financial impact of the decision.

 

Ruwad was awarded in July the contract to build the fifth phase of Jabal Omar project in Makkah.

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