Rawasi Albina Investment Company Announces Its Prequalification by the Saudi Energy Company in the Power Transmission Sector

Rawasi Albina Investment Company announces that it has obtained prequalification from the Saudi Energy Company in the power transmission sector. This qualification enables the company to participate in related tenders and projects in accordance with the requirements and procedures approved by the Saudi Energy Company.

This prequalification represents an important step in Rawasi Albina Investment Company’s strategy to expand its operations, diversify its business activities and strengthen its presence in Saudi Arabia’s energy and infrastructure sectors. It also aligns with the objectives of Saudi Vision 2030 to develop the energy ecosystem and enhance the efficiency and sustainability of infrastructure.

The company’s prequalification also reflects major organisations’ confidence in its technical and execution capabilities. Furthermore, it supports the company’s plans to expand its business portfolio and explore new opportunities in electricity transmission and energy projects across the Kingdom.

The company confirms that this prequalification does not constitute the award or signing of any contracts for specific projects at this time. Any material developments or contracts awarded to the company will be announced in accordance with the relevant laws and regulations.

Rawasi Albina Investment Company continues its efforts to strengthen its competitive capabilities and capitalise on opportunities in the infrastructure and energy sectors, thereby supporting the growth of its business and creating sustainable value for its shareholders.