UAE’s Arabtec wins $253 mln of Saudi petro work

United Arab Emirates-based builder Arabtec said a wholly owned subsidiary had won 930 million dirhams ($253 million) of contracts in Saudi Arabia’s oil and gas industry. (Reuters)

UAE-based builder Arabtec said a wholly-owned subsidiary had won $253 million of contracts in Saudi Arabia’s oil and gas industry.

The projects include upgrading liquefied gas and refinery facilities for national oil firm Saudi Aramco, Arabtec said in a statement on Sunday.

As a result of the news, Arabtec became the most traded stock in Dubai on Sunday, climbing 1.0 percent, adding 0.2 percnt to Dubai's index.
 

(With Reuters)

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Last Update: Wednesday, 20 May 2020 KSA 09:45 - GMT 06:45
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