Rawasi signs binding MoU with Chinese Saudi Telecom Services Company for SAR 17 million

Rawasi Al Binaa Investment Company announced the signing of a binding memorandum of understanding with the Chinese Saudi Telecom Services Company Limited and the receipt of work orders to start implementation of the project at a value of SAR 17,277,731.65, including value-added tax.

 The memorandum was signed for the implementation of the project of replacing the existing conventional electrical RMU with smart field equipment.

The company stated on Tuesday on Tadawul that the financial impact may appear during the second half of 2023 and for a period of one year.