| Introduction | Al Kathiri Holding Company announces that Alian Industry Company (Ready-mix concrete branch), which is a Subsidiary of AKHC, has agreed a contract with Abdul Rahman Saad Al Rashed & Sons Company to supply (167,096) cubic meters of ready-mix concrete for A-Narges View project in north Riyad |
| Date of Announcement of the Award | 2021-10-20 Corresponding to 1443-03-14 |
| Contract Subject Matter | Al Kathiri Holding Company announces that Alian Industry Company (Ready-mix concrete branch), which is a Subsidiary of AKHC, has agreed a contract with Abdul Rahman Saad Al Rashed & Sons Company to supply (167,096) cubic meters of ready-mix concrete for A-Narges View project in north Riyad |
| Date of Signing the Contract | 2021-11-03 Corresponding to 1443-03-28 |
| Contract Value | 29,922,650 SR |
| Contract Details | Al Kathiri Holding Company announces that Alian Industry Company (Ready-mix concrete branch), which is a Subsidiary of Al Kathiri Holding Company, has agreed a contract with Abdul Rahman Saad Al Rashed & Sons Company to supply (167,096) cubic meters of ready-mix concrete for A-Narges View project in north Riyad |
| Contract Duration | starting from the date of the contract agreement and ends with the supplying of the required quantity of concrete |
| Financial Impact and the Relevant Period | The financial impact on the company’s results will appear Starting from the first quarter of 2022 |
| Related Parties | There is no |
| Additional Information | It is worth noting that Abdul Rahman Saad Al-Rashed Company “ARTAR” was established in 1992, It is a multi-investment company operating in various sectors, including contracting, real estate development and investment management.With reference to the company’s previous announcement on October 17, 2021, regarding obtaining a land measuring 7000 square meters for the construction of a concrete manufacturing plant – Alian Industry is currently working on the construction and implementation of the concrete plant at the project site, and it expects to complete its construction and start production at the beginning of December 2021, to supply The quantities indicated in this contract in high quality and as quickly as possible. |
