Keir International Secures SAR 48 Million Contract for High-Voltage Underground Cable Project with National Grid-SA

Keir International made a significant announcement on Tuesday, confirming the signing of a contract with National Grid-SA.

The contract entails the implementation of high-voltage underground cable works to connect Al-Aridh Central Station with the Riyadh City 132KV Network. The total value of the contract, including the value-added tax, amounts to SAR 48,004,643.

The company provided additional details on Tadawul, stating that the contract’s duration spans 21 months. The financial impact of this project is expected to be reflected in the company’s financial statements from the first quarter of 2024 to the fourth quarter of 2025.