KEIR signs SAR 119.5M contract with National Grid SA

Keir International Co. signed today, July 15, a contract with National Grid SA for replacing cable circuits in Riyadh, at a total value of SAR 119.5 million (including VAT).

According to a statement to Tadawul, the contract includes replacing the old 132 kV oil-filled underground cable circuits with new cables between several substations in the central operational area, in Al-Murabba district, Riyadh.

The 23-month contract was signed on March 24, the statement noted, adding that the relative financial impact is expected to be reflected from Q2 2025 to Q4 2027.

There are no related parties to the deal.