KUALA LUMPUR: Eversendai Corp Bhd
has announced that its subsidiaries have secured new projects worth a combined RM5.4bil in Saudi Arabia, the UAE and India.
In a filing with Bursa Malaysia, the structural steel specialist contractors said its subsidiary Eversendai Engineering Saudi LLC in collaboration with Albawani Co Ltd have secured their first structural steel signature building from NEOM for the Trojena Ski Village in Tabuk, Saudi Arabia.
In the UAE, another subsidiary, Eversendai Mega Structure FZ LLC, has secured the structural steel scope for the Wynn Al Marjan Island Integrated Resort Development in Ras Al Khaimah.
According to Eversendai, the resort will feature a 1,500-room luxury hotel with world-class shopping, state-of-art meeting and convention facilities, bespoke restaurants and lounges, extensive entertainment choices and other amenities.
Meanwhile, Eversendai's subsidiary in India has secured two structural steel projects, which includes the Rupa IT Building and Rupa Crystal IT Building.
The group said the new projects have increased its outstanding order book to a record RM6.6bil.
"The board is of the opinion that the above new projects are expected to contribute positively to the net assets and earnings of the group for the financial year ending Dec 31, 2024, and onwards until the completion of the projects," it said.
As at the lunch break, the trading stock of Eversendai was last moved at 19 sen a share, 1.5 sen lower than its reference price, with 7.14 million shares changing hands.
