Al Kathiri subsidiary signs SAR 11.1 mln deal to conduct commercial resort building works

30/01/2023 Argaam

Al Kathiri subsidiary signs SAR 11.1 mln deal to conduct commercial resort building works

Logo of Al Kathiri Holding Co.

Al Kathiri Holding Co. announced that its subsidiary, Msandh El Emdad Co., signed a contract worth SAR 11.1 million with ASAR Investment Co. for the implementation of building works of a commercial resort, according to a statement to Tadawul.

 

Under the 140-day contract, the company will carry out the works of supplying and implementing walls, ceilings, stairs and fences using the technology of Alian Industry Factory for Modern Building Technologies) with a load-bearing wall system (Italian M2 technology). It includes the supply, installation, cutting, openings and window work, as per the approved plans and the directives of the supervising consultant, the company added.

 

It said that the related financial impact will reflect on financial statements in Q2 2023, noting that there are no related parties.

 

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