Saudi Cable Company gains on million dollar deal in Turkey


Saudi Stock Exchange - Tadawul All Shares Index
7,526.26 -0.03 0.00%
12/06/2012 22:38 AST  AME Info
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The Saudi Tadawul All-Share Index slipped 0.94% to 6,727.83 Tuesday, despite a relief in oil prices and a recovery at Western market late afternoon. Saudi Cable Company closed 1.33% higher at SR15.25. Earlier in the day Saudi Cable said that its wholly owned subsidiary in Turkey, Mass Kablo, has won on an order for supply of High Voltage Cables for an important project in one of the European countries for $15.6m. "The deliveries will start from the beginning of the fourth quarter of 2012 for a period of 24 months," Saudi Cable addedd in the statement to the Tadawul bourse.

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