Bawan Co. Announces Contracts Award for its Subsidiary with the Saudi Electricity Company
| Element List | Explanation |
|---|---|
| Introduction | Bawan Company announces that its subsidiary in the electric sector has won a group of contracts to supply electrical products to the Saudi Electricity Company, with an estimated value of approximately SAR 409.7 million. |
| Date of the Award | 2024-03-28 Corresponding to 1445-09-18 |
| Counterparty | Saudi Electricity Company |
| Contract Value | The total contracts are estimated at approximately SAR 409.7 million. |
| Expected Date for Signing the Contract | 2024-03-28 Corresponding to 1445-09-18 |
| Contract Details | Commitment to supply electrical products according to the purchase orders that will be issued by the Saudi Electricity Company during the contract period |
| Related Parties | N/A |
| Additional Information | It is worth noting that the contract is binding on the subsidiary company and is not binding on the Saudi Electricity Company.
The financial impact of the contract will be reflected in the results of Bawan Company, starting from the fourth quarter of 2024 until the fourth quarter of 2025. |
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