Keir International announced signing a contract with NOTIONAL Grid SA for replacement cable circuit at a station in Riyadh city, with a total value of SAR 33,686,533 including the value added tax. To implement the cable circuit replacement project at a station in Riyadh city. Date of Announcement of the Award is November 02, 2023.

Contract Subject Matter is High-voltage underground cable works. Date of Signing the Contract is December 28, 2023. Contract Details: The replacement of the current 132 kV underground electrical cable with a new 1200 mm cable and the communication work related to SCADA, SAS, and cybersecurity systems. Contract Duration: Twenty months from the date of signing the contract.

Financial Impact and the Relevant Period: The financial impact will appear in the first quarter of 2024 until the fourth quarter of 2025.