Advanced Building Industries Co. — Capital/Financing Update 2021

Aug 30, 2021

Zamil Industrial Investment Company Announces That Its Subsidiary (Zamil Air Conditioners & Home Appliances Co.) Has Signed a Contract With Tatweer Buildings Company

2240 · 30/08/2021 08:01:47 · Announcement #64753 · View on Saudi Exchange

Zamil Industrial Investment Company Announces That Its Subsidiary (Zamil Air Conditioners & Home Appliances Co.) Has Signed a Contract With Tatweer Buildings Company

Element List	Explanation
Introduction	Zamil Air Conditioners & Home Appliances Co., a wholly owned subsidiary of Zamil Industrial Investment Company (Zamil Industrial), has signed a contract with Tatweer Buildings Company.

The contract is in line with the call to support national industries and local products.

The contract includes the manufacture and supply of more than 13,570 air conditioning systems for schools affiliated with the Ministry of Education in various regions of the Kingdom of Saudi Arabia. Date of Announcement of the Award 2021-08-29 Corresponding to 1443-01-21 Contract Subject Matter Manufacture and supply of various air conditioning systems Date of Signing the Contract 2021-08-29 Corresponding to 1443-01-21 Contract Value SAR 44,006,645 Contract Details 1) Zamil Air Conditioners & Home Appliances Co. will manufacture and supply more than 13,570 air conditioning systems of diverse sizes and refrigerating capacities.

2) These systems will be used in many schools affiliated with the Ministry of Education in various regions across Saudi Arabia.

3) This contract comes in line with the framework agreement signed with the other party, where this contract’s terms and conditions were set on a purely commercial basis and within the normal business context, and did not include any preferential terms. Contract Duration 3 Months Financial Impact and the Relevant Period The contract is expected to have a positive impact on the company’s financial results for the year 2021. Related Parties N/A

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