Saudi Cable unit gets SAR 188m purchase order

Riyadh – Mubasher: Saudi Cable Co.'s 94% owned subsidiary, Elimsan Switchgear, obtained a new purchase order worth SAR 187.64 million ($50 million).

The Turkish company will supply a gulf country with MV switchgear panels over a two-year period.

The financial impact of the deal will start appearing by the end of the second quarter of 2017, according to a bourse filing on Sunday.

Mubasher Contribution Time: 18-Dec-2016 17:11 (GMT)
Mubasher Last Update Time: 18-Dec-2016 17:11 (GMT)