Deals11 Mar 2024, 03:02 pm
Sigachi Industries Ltd: Sigachi Arabia Projects USD 180 Million Revenue Visibility for FY2024-25
AI Summary
As per a Regulation 30 announcement, Sigachi Industries Ltd's JV, Sigachi Arabia, anticipates generating a revenue of USD 180 million in the Financial Year 2024-25, primarily from Saudi Government Tenders and large corporate engagements in the Saudi Arabian market.
Key Highlights
- Sigachi Industries Ltd's JV, Sigachi Arabia, projects USD 180 million revenue for FY2024-25
- Revenue is expected from Saudi Government Tenders and large corporates
- Local presence to be capitalized on in the Saudi Arabian market
- Sigachi MENA FZCO will hold 75% stake and SNP, 25% in Sigachi Arabia