Al Kathiri subsidiary bags SAR 10 mln contract from Royal Saudi Air Force

06/01/2019 Argaam

 

Nomu-listed Al Kathiri Holding Co.'s wholly owned company signed a contract worth SAR 10.42 million on Sunday with Ministry of Defense - Royal Saudi Air Force, to supply 5,000 concrete barriers, it said in a bourse statement on Sunday.

 

The contract was awarded to Msandh El Emdad Company Ltd in November last year.   

 

The financial impact of the contract, which has to be completed in 90 days from the date of receipt of the site, will reflect in Q1 and Q2 earnings.

 

There are no related parties, the company added.

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