Keir International announced the signing of a contract with the National Grid Company-NG on November 20, 2023 to connect Al-Nazim Bulk Supply Point (BSP) with 132 KV Network in Riyadh. Contract Subject Matter: High-voltage underground cable works; Date of Signing the Contract is November 20, 2023; Contract Value SAR 246,971,629 including VAT (15%); Contract Details: High voltage underground cables 132KV network expansion, Gas Insulated Switchgear (GIS) Substation Extension, Protection, Telecommunication and Substation Automation for remote ends. Contract Duration: Twenty months.

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