PHOTO
Saudi Arabia’s Anmat Technology for Trading has secured a 314.5 million riyals ($84 million) contract from Saudi Energy Company (SEC) for an end user device replacement and expansion project.
In a statement to Tadawul, Anmat said the contract will be executed through a series of purchase orders issued by the SEC.
Anmat, which is a regional consulting and technology firm, also signed a SAR 31.9 million contract with SEC in May, which covers the execution of an integrated project for the supply, installation, and operation of a full range of video-conferencing systems.
The Tadawul-listed SEC is the kingdom’s main electricity provider and majority owned by the country’s Public Investment Fund.
(Writing by Bindu Rai, editing by Seban Scaria)
