National Metal Manufacturing and Casting Co. Announces Contract Sign Off with Gulf Triple Contracting Company to Build the Project of Valves Factroy.
| Element List | Explanation |
|---|---|
| Introduction | In reference to the announcement of the National Company for Manufacturing and Casting Metals (Maadaniyah) on 2/27/1443 AH corresponding to 10/4/2021 AD regarding the announcement of the establishment of the Valves Factory
The company would like to announce to the shareholders the latest developments regarding the project. A contract for the construction of the project was signed with Gulf Triple Contracting Company |
| Date of Announcement of the Award | 2023-04-20 Corresponding to 1444-09-29 |
| Contract Subject Matter | Build the project of Valves Factory |
| Date of Signing the Contract | 2023-04-20 Corresponding to 1444-09-29 |
| Contract Value | Around SAR 34 Million |
| Contract Details | Built the project of Valevs Factory in King Salman Energy Park (SPARK). |
| Contract Duration | The duration is 12 months from the beginning of Jul 2023 |
| Financial Impact and the Relevant Period | It will be positive impact during the year 2025 G |
| Related Parties | None |
| Additional Information | Dear Shareholders, We would like to inform you that the date of signing the contract is 20 April 2023. The announcement of the signing of the contract has been suspended due to pending completion of other relevant legal and regulatory procedures until June 21, 2023. |
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