Argaam reported that Al-Babtain Power & Communications’s subsidiary Al-Babtain Power & Telecom Egypt has signed a SAR 105 million (USD 28 million) 12-month contract with Giza Cable Industries on 4 October 2022. The company said the contract is to supply 500 kilovolt galvanized steel towers for electrical interconnection project between Egypt and Saudi Arabia. The 12-month contract is expected to show positively on Q3 2023 financial results, the statement noted, adding that there are no related parties.In a separate statement, Al-Babtain said Al-Babtain Power & Telecom Egypt signed another contract, valued at SAR 90 million (24 million) with Elsewedy Electric T&D on 4 October. The 12-month contract is for the supply of 400 KV galvanized steel towers for a project involving three lines for the transmission of electric power in Morocco. Al-Babtain Power & Telecom is one of the largest and most successful manufacturers and suppliers of power and telecommunications products and solutions. Founded in 1955, ABPT has expanded and diversified over the decades
Argaam reported that Al-Babtain Power & Communications’s subsidiary Al-Babtain Power & Telecom Egypt has signed a SAR 105 million (USD 28 million) 12-month contract with Giza Cable Industries on 4 October 2022. The company said the contract is to supply 500 kilovolt galvanized steel towers for electrical interconnection project between Egypt and Saudi Arabia. The 12-month contract is expected to show positively on Q3 2023 financial results, the statement noted, adding that there are no related parties.In a separate statement, Al-Babtain said Al-Babtain Power & Telecom Egypt signed another contract, valued at SAR 90 million (24 million) with Elsewedy Electric T&D on 4 October. The 12-month contract is for the supply of 400 KV galvanized steel towers for a project involving three lines for the transmission of electric power in Morocco. Al-Babtain Power & Telecom is one of the largest and most successful manufacturers and suppliers of power and telecommunications products and solutions. Founded in 1955, ABPT has expanded and diversified over the decades
