3008 · 09/03/2025 08:02:58 · Announcement #85652 · View on Saudi Exchange

Al Kathiri Holding Announces the Signing of a Contract Between Its Subsidiary Msandh Alemdad Co. Ltd and NHC

Element ListExplanation
Introduction Al Kathiri Holding Company announces the signing of a contract for its subsidiary, Msandh Alemdad Co. Ltd, with NHC, with a total value of 82,733,911.11 SAR, including VAT.
Date of Announcement of the Award 2025-03-06 Corresponding to 1446-09-06
Contract Subject Matter Execution of electromechanical works and finishing for 295 residential units in Melaa Project, Jeddah.
The Entity with Which the Contract was Signed NHC
Date of Signing the Contract 2025-03-06 Corresponding to 1446-09-06
Contract Value SAR 82,733,911.11, inclusive of VAT.
Contract Details Execution of electromechanical works and finishing for the villas of the beneficiaries of the Melaa Project- Phase Three for 295 units- in Jeddah.
Contract Duration 6 months from the date of signing the delivery report
Financial Impact and the Relevant Period The financial impact of the project will be reflected starting from the third quarter of 2025.
Related Parties None

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