Juli Sling Signs 59 Million Yuan Deal for the Construction of Saudi Arabia's King Fahd Stadium

MT Newswires Live03-12

Juli Sling (SHE:002342) agreed to be the designated designer and supplier for the construction of Saudi Arabia's King Fahd Stadium for 59.2 million Saudi riyals, according to a Shenzhen Stock Exchange disclosure on Wednesday.

The contract, which is valid for 12 months, was signed with Saudi Binladin Group Contracting, an engineering and construction company, the Chinese lifting and rigging equipment manufacturer said.

The company's shares rose more than 2% in recent trade.

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