AlWasail Industrial Company announces the signing of a contract with SABIC for Basic Industries to finance raw materials equivalent to about 60000 metric tons for the activities of manufacturing and products of the company factories of polyethylene pipes and its derivatives with an estimated value of 300000000 million Saudi riyals
Date of Announcement of the Award
2023-01-31 Corresponding to 1444-07-09
Contract Subject Matter
Financing raw materials for the activities of manufacturing and products of the company's factories, including polyethylene pipes and its derivatives, which are included in more than 90% of the company's products.
Date of Signing the Contract
2023-01-31 Corresponding to 1444-07-09
Contract Value
300,000,000 million Saudi riyals
Contract Details
Financing raw materials for the activities of manufacturing and products of the company's factories, including polyethylene pipes and its derivatives, which are included in more than 90% of the company's products.
Contract Duration
A calendar year starting from 1-1-2031 AD and ending on 12-31-2023 AD
Financial Impact and the Relevant Period
The financial impact is reflected on the company's financial results by increasing production starting from the first quarter of 2023
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