JAZ secures Saudi gas pipeline contract
Aljaz Arabiah Services Company announced the award of a contract with the Saudi Power Purchase Company to construct natural gas pipelines feeding the Ghazlan 1 project. The contract is valued at over 20% of its 2025 revenues and includes engineering, procurement, supply, installation, and final testing. The financial impact and the timing of its appearance in the financial statements will be determined according to the project's implementation stages, with confirmation that there are no related-party relationships involved in the contract.
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