BRIEF-Makkah Construction Signs Contract With Roots Innovative Industrial

MCDC
Tadawul All Shares Index

MCDC

4100.SA

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Tadawul All Shares Index

TASI.SA

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July 7 (Reuters) - MAKKAH CONSTRUCTION AND DEVELOPMENT COMPANY 4100.SE:

  • ANNOUNCES CONTRACT SIGN OFF WITH ROOTS INNOVATIVE INDUSTRIAL COMPANY

  • CONTRACT FOR EXECUTION OF RENOVATION WORKS FOR HOTEL AND TOWERS ROOMS.

  • CONTRACT VALUE APPROX SAR 372 MILLION

  • CONTRACT DURATIO ALMOST 19 MONTHS

  • FINANCIAL IMPACT OF PROJECT WILL BE REFLECTED AS CAPITAL EXPENDITURE OVER EXECUTION PERIOD OF PROJECT

  • PROJECT WILL BE IMPLEMENTED IN MULTIPLE PHASES UNTIL JANUARY 2028

Source text: ID:nSSE9D8vty

Further company coverage: 4100.SE


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