Thursday, Apr 19, 2012
(This story was originally published Wednesday.)
RIYADH (Zawya Dow Jones)--Saudi Cable Co. (2110.SA) signed a 325 million Saudi riyal ($86.6 million) contract Wednesday to provide and install underground cable and fiber-optic cable for Kuwait, the company said.
The work for the Kuwaiti ministry of water and electricity is to run 22 months from Wednesday's signing, Saudi Cable said in a statement on the website of the Saudi stock exchange.
Saudi Cable closed down 1% Wednesday at SAR19.90.
-By Ellen Knickmeyer, Dow Jones Newswires; +966-1-279-5252; ellen.knickmeyer@dowjones.com
(END) Dow Jones Newswires
19-04-12 0341GMT
