SAUDI CABLE SUBSIDIARY SIGNS SUPPLY CONTRACT IN TURKEY

28/11/2013 Tadawul

Saudi Cable Company announces the signing of a contract on 25/11/2013 by Demirer Kablo (one of its subsidiaries in Turkey) for supply of 132 kV Power Cables and related materials worth USD 35.2 million equivalent 132 million Saudi riyal to be delivered over a period of 12 months from the date of receipt of the Letter of Credit; deliveries shall be effected through three shipments to be made with 4 months intervals . The financial effects of this contract will appear in the third quarter of 2014

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