Halwani Bros. Co. — Capital/Financing Update 2013

Jan 5, 2013

HALWANI BROTHERS COMPANY SIGNING THE CONTRACT OF THE EXECUTION OF ALL ELECTRICAL AND MECHANICAL WORKS IN THE SECOND PHASE OF THE NEW INDUSTRIAL COMPLEX PROJECT.

6001 · 05/01/2013 16:27:06 · Announcement #28120 · View on Saudi Exchange

HALWANI BROTHERS COMPANY SIGNING THE CONTRACT OF THE EXECUTION OF ALL ELECTRICAL AND MECHANICAL WORKS IN THE SECOND PHASE OF THE NEW INDUSTRIAL COMPLEX PROJECT.

Further to the companys announcement on August 16th 2011 that mentioned of the civil and steel structure work of the second phase of the new industrial complex with a total contract value of SR 110 m HALAWANI announce that the contract was signed today January 5th 2013 , with Electromechanical & Technical Associates (ETA) to execution of all electrical and mechanical works with a total contract value of SR 86 M , The projects expected execution period is 14 months starts from the date of signing the contract, It is also worth to mention that the company is in the process of contracting for new production lines and expected cost of SR 55 m.

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