Gas Arabian Services Co. Announces Contract Sign Off with Saudi Arabian Oil Company (Saudi Aramco)
Contract Subject Matter: Engineering, Procurement and Construction work towards Master Gas System Expansion from SHEDGUM to EWPS-1. The Entity with Which the Contract was Signed: Saudi Arabian Oil Company (Saudi Aramco). Date of Signing the Contract: May 29, 2024 Corresponding to 1445-11-21. Contract Value: SAR 344,614,412 excluding VAT. Contract Details: Engineering, Procurement and Construction work towards Master Gas System Expansion from SHEDGUM to EWPS-1. Contract Duration: 40 months. Financial Impact and the Relevant Period: The financial impact on the company's financial statements will appear during the years 2024 to 2027.