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.