Saudi Arabian Amiantit announces the signing of several contracts for its 100% owned subsidiaries with several contractors
| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Amiantit Company is pleased to announce the signing of several contracts for its 100% owned subsidiaries with several contractors on Tuesday evening, 02-09-1445H corresponding to 12-03-2024G, with the details as follows: |
| Date of Announcement of the Award | 2024-03-12 Corresponding to 1445-09-02 |
| Contract Subject Matter | Supply and installation of pipes for several strategic projects |
| The Entity with Which the Contract was Signed | Several contractors |
| Date of Signing the Contract | 2024-03-12 Corresponding to 1445-09-02 |
| Contract Value | The total value of the contracts is approximately SAR 174 million inclusive of VAT |
| Contract Details | 1- King Abdullah International Gardens Project in Qiddiya – Riyadh.
Contractor: Zaid Al-Hussein & Brothers Contracting Group. Project value: approx. SAR 16.6 million incl. VAT. Contract duration: 12 months.
2- Implementation of the networks processing the Green Riyadh program - Group five (A) and Group Nine Contractor: Abdullah Al Sayegh & Sons Company Project value: approx. SAR 52.4 million incl. VAT. Contract duration: 12 months.
3- Implementation of the second phase of the strategic plan for water in Riyadh - contract 4 B Contractor: Abdullah Al Sayegh & Sons Company. Project Value: approx. SAR 26.3 million including VAT. Contract duration: 10 – 12 months.
4- Projects for the implementation of water networks in Dhahran Al-Janoub, Bisha and Sarat Obeida. Contractor: Construction Network Contracting Company. Project value: approx. SAR 59 million incl. VAT. Contract duration: 24 months.
5- Implementation of drinking water networks for the neighborhoods of Khamis Mushait city center – Contract No. 3 Contractor: Bakri Ahmed Al Saab General Contracting Company. Project value: approx. SAR 9.7 million including VAT. Contract duration: 24 months.
6- Construction of Muhayil Asir Water Networks Project – Contract No. 3 Contractor: Building Assets Company for Trading and Contracting: Project value: approx. SAR 10 million including VAT. Contract duration: 24 months. |
| Contract Duration | From 10 months to 24 months as per the details above. |
| Financial Impact and the Relevant Period | The financial impact of the said contracts is expected to reflect from the second quarter of 2024 onwards. |
| Related Parties | There are no related parties |
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