Al-Babtain Power and Telecommunication Co. Announces its subsidiaries company in Egypt “Al Babtain power and Telecommunication company – Egypt “ signed contract with Giza Cable Industries Company at Arab Republic of Egypt.

Al-Babtain Power and Telecommunication Co. Announces its subsidiaries company in Egypt “Al Babtain power and Telecommunication company – Egypt “ signed contract with Giza Cable Industries Company at Arab Republic of Egypt.

|Element List||Explanation|

|Introduction||Al-Babtain Power and Telecommunication Co. Announces its subsidiaries company in Egypt “Al Babtain power and Telecommunication company – Egypt “signed contract with Giza Cable Industries company to supply Galvanized steel towers 500 kV. for electrical interconnection project between Egypt and Kingdom of Saudi Arabia by total amount USD 28 million.|

|Date of Announcement of the Award||2022-10-04 Corresponding to 1444-03-08|

|Contract Subject Matter||Supply Galvanized steel towers 500 kV. for electrical interconnection project between Egypt and kingdom of Saudi Arabia.|

|Date of Signing the Contract||2022-10-04 Corresponding to 1444-03-08|

|Contract Value||USD 28 million|

|Contract Details||Purchas order to supply Galvanized steel towers 500 kV. for electrical interconnection project between Egypt and Kingdom of Saudi Arabia.|

|Contract Duration||12 Months|

|Financial Impact and the Relevant Period||The positive financial impact of this order is expected to appear in third Quarter of the year 2023|

|Related Parties||No|

|Additional Information||No|