Saudi Cable Company has won yesterday, Friday, January 6, 2012, an order from TEIAS, Turkey for supply of Extra High voltage Cables, 380 kV, for an amount in excess of SR100 million, amid competition from global companies. The delivery will be effected during the second quarter of 2012.
The financial effect of this contract will appear at the end of the second quarter of 2012.
The presence of our Company in the European market, despite stiff competition, shows the European consumers confidence in the quality of our products.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.