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Element List	Explanation
Introduction	Ruwasi Al-Bina Investment Company announces the signing of a framework agreement with the Saudi Energy Company for the execution of installation, removal, replacement, and maintenance works related to overhead and underground distribution networks for low and medium voltage up to 36 kV in the Qassim region. The total (ceiling) value of the agreement is SAR 36,320,000. The Company has provided a final bank guarantee amounting to SAR 1,816,000, representing 5% of the contract value, in compliance with the terms and conditions of the agreement.
Date of Announcement of the Award	2026-04-22 Corresponding to 1447-11-05
Contract Subject Matter	A contract for the installation, removal, replacement, and maintenance of overhead and underground distribution networks for low and medium voltage up to 36 kV in the Qassim region.
The Entity with Which the Contract was Signed	Saudi Energy Company
Date of Signing the Contract	2026-04-22 Corresponding to 1447-11-05
Contract Value	Framework agreement with a total (ceiling) value of SAR 36,320,000.
Contract Details	framework agreement includes executing installation, removal, replacement, and maintenance works for overhead and underground distribution networks for low and medium voltage up to 36 kV in the Qassim region.
Contract Duration	3 Year
Financial Impact and the Relevant Period	The financial impact of this contract is expected to appear in the company’s financial statements starting from the second half of 2026 until the end of the contract period in May 2029.
Related Parties	NA
Additional Information	The company confirms that it will announce any work orders issued under this contract in due course.

Rawasi Albina Investment Co. Announces Contract Sign Off with Saudi Energy Company