Halwani Bros. Co. — Capital/Financing Update 2011

Aug 16, 2011

Halwani brothers company awards portion of the second phase of the new industrial complex project

6001 · 16/08/2011 08:27:23 · Announcement #22589 · View on Saudi Exchange

Halwani brothers company awards portion of the second phase of the new industrial complex project

With reference to the companys board of directors meeting held on Monday evening, August 15th 2011, it was approved by the board to award the civil and steel structure work of the second phase of the new industrial complex project at for Union Engineering Projects co. with cost of SR 110M out of total cost of the second phase of the project of SR 258M within an expected execution period of 18 months starts from the date of signing the contract and the contract will be sign during the month of Ramadan, it is worth to mention that the second phase of the project covers Tahina, Halawa, Jam, Cheese, Dairy, Processed meat, Ice-cream, Juices and tins production lines.

It is also worth to mention that the bidding process for Electromechanical works that cover water desalination, industrial drainage, boilers and refrigerators will start within the fourth quarter of this year as the final design is under preparation.

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