What is the value of the Istana Abu Bakar renovation contract awarded to AZRB?

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The renovation contract for Istana Abu Bakar awarded to AZRB is valued at RM315.90 million.

Ahmad Zaki Sdn Bhd (AZSB), a wholly owned subsidiary of Ahmad Zaki Resources Bhd (AZRB), has been awarded a contract for the upgrading and renovation works of Istana Abu Bakar in Pahang. The total value of this project is RM315.90 million. The contract is set to contribute positively to AZRB's future earnings.
Contract Awarded to AZSB

The Jabatan Kerja Raya has issued a letter of acceptance to Ahmad Zaki Sdn Bhd for the significant project. This award signifies a substantial undertaking for the engineering and construction group, involving extensive upgrading and renovation of a key royal establishment.
Project Value and Duration

The total value of the "Upgrading and Renovation Works for Istana Abu Bakar, Pahang" project has been confirmed at RM315.90 million. The project has a stipulated duration of 30 months, commencing on April 1, 2024.
Expected Contribution to Earnings

AZRB has indicated that this contract is anticipated to positively impact the company's future financial performance. The board of directors has expressed the opinion that securing this contract is in the best interest of the company.

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What is the value of the Istana Abu Bakar renovation contract awarded to AZRB?

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