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Company Name
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AHMAD ZAKI RESOURCES BERHAD
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Stock Name
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AZRB
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Date Announced
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29/07/2013
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Type
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Announcement
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Subject
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Description
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CONTRACT AGREEMENT FOR THE ALFAISAL UNIVERSITY CAMPUS DEVELOPMENT PROJECT PHASES 1 & 2, RIYADH, SAUDI ARABIA
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Announcement Details/Table Section :
Subsequent to our announcement made on 3 September 2010 in relation to the Contract Agreement with Alfaisal University ("AFU") for Alfaisal University Campus Development Project Phase 1 & 2 in Riyadh, Saudi Arabia ("the Contract"), the Board of Directors of Ahmad Zaki Resources Berhad ("AZRB" or "the Company") is pleased to announce that the Company has on 29 July 2013 received notification that the Sole Arbitrator in ICC Arbitration case No. 17768/ND/MCP, AZRB Vs AFU and King Faisal Foundation ("KFF") pertaining to the Contract ("the Arbitration") has issued his final judgement and award. In the aforesaid final judgement and award, the Sole Arbitrator had ordered AFU and KFF to jointly and severally pay to AZRB the total amount of SAR 92,570,300 in respect of claims made by the Company in the Arbitration. The Company through its Legal Counsels in Riyadh, Saudi Arabia is now taking all necessary steps to execute the aforesaid judgement and award.
This announcement is dated 29 July 2013.
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© 2013, Bursa Malaysia Berhad. All Rights Reserved.
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AHMAD ZAKI RESOURCES 
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