| Element List | Explanation |
|---|---|
| Date of Announcement of the Award | 2020-11-15 Corresponding to 1442-03-29 |
| Contract Subject Matter | supplying electrical unit substations |
| Date of Signing the Contract | 2020-11-15 Corresponding to 1442-03-29 |
| Contract Value | SAR 115 Million |
| Contract Details | Supplying electrical unit substations to Saudi Electricity Company. |
| Contract Duration | Until 31 March 2022. |
| Financial Impact and the Relevant Period | The company expects that the agreement will have a positive financial impact on its results during financial year of 2021 and the first quarter of 2022. |
| Related Parties | There are no related parties. |
| Additional Information | The contract was signed with the United Technology of Electric Substations and Switchgears Company owned by Bawan company by 85.5%. |
The agreement is optional for the Saudi Electricity Company and it is binding on the United Technology of Electric Substation and Switchgears Company.
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