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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