Gas Arabian Services Co. Announces Contract Sign Off with Saudi Power Procurement Company (Principal Buyer)

Gas Arabian Services Co. Announces Contract Sign Off with Saudi Power Procurement Company (Principal Buyer)

Element List

Explanation

Introduction

GAS Arabian Services Company announces Contract Sign Off with Saudi Power Procurement Company (Principal Buyer) for Engineering, Procurement and Construction of Taiba GAS Pipeline.

Date of Announcement of the Award

2024-03-03 Corresponding to 1445-08-22

Contract Subject Matter

Engineering, Procurement and Construction of Taiba GAS Pipeline.

The Entity with Which the Contract was Signed

Saudi Power Procurement Company (Principal Buyer)

Date of Signing the Contract

2024-03-03 Corresponding to 1445-08-22

Contract Value

SAR 256,109,696 excluding VAT.

Contract Details

Engineering, Procurement and Construction of Taiba GAS Pipeline.

Contract Duration

22 Months

Financial Impact and the Relevant Period

The financial impact on the company's financial statements will appear in the year 2024 and 2025.

Related Parties

None.

Gas Arabian Services Co. Announces Contract Sign Off with Saudi Power Procurement Company (Principal Buyer)