Keir International announced the signing of a contract with the National Grid-SA on December 28, 2023 AD To implement the 132 kV high-voltage cable conversion between the Central Station and a station in Riyadh city. Contract Subject Matter: High-voltage underground cable works; Contract Value: SAR 24,304,488 including VAT (15) twenty-four million, three hundred and four thousand, four hundred and eighty-eight Saudi Riyals; Contract Details: Re-routing the existing 132 kV underground electrical cable from the substation to central station with a new cable, and associated communication work. Contract Duration: Twenty months from the date of signing the contract.

Financial Impact and the Relevant Period: The financial impact will appear in the first quarter of 2024 until the fourth quarter of 2025.