Rawasi Albina Investment Company Inks SAR 11.9 Million Deal with TAWAL

Rawasi Albina Investment Company has signed a contract with Telecommunications Towers Company (TAWAL) on June 11, 2024, for the implementation of a project involving the Replacement of Electro-Mechanic Equipment for Mobile Sites. The total value of the Purchase Order stands at SAR 11,922,689.308, inclusive of VAT.

The company has disclosed that the contract spans a duration of 6 months, with anticipated financial impacts expected to manifest from the second half of 2024 through the first half of 2025.

It’s notable that both the announcement of the award and the contract signing occurred on June 11, 2024.