Finance Malaysia Blogspot: Eversendai's share price +90% in one day because of these projects!

13 March 2024

Eversendai's share price +90% in one day because of these projects!

Yes, you read it correctly. Share price +90% in one day, not one year. Why is it so "gung ho" today?

In an announcement to Bursa Malaysia today (13 March 2024):

The Directors of the Company wish to announce that EVERSENDAI CORPORATION BERHAD’s subsidiaries in Kingdom of Saudi Arabia (“KSA”), United Arab Emirates (“UAE”) and India have secured new projects worth RM5.4 billion.

What are the MEGA projects?

Read here 👇👇👇

In KSA, its subsidiary company, Eversendai Engineering Saudi LLC in collaboration with Albawani Company Limited secured the first structural steel signature building from NEOM for the Trojena Ski Village, NEOM’s year-round mountain destination.

The scope of work consists of engineering, connection design, material supply, fabrication and installation of structural steel, precast and concreting, metal decking and fireproofing for the iconic mountain resort in Trojena’s Ski Village.

In UAE, its subsidiary company, Eversendai Mega Structure FZ LLC secured the structural steel scope for the Wynn Al Marjan Island Integrated Resort Development in Ras Al Khaimah which will feature a 1,500 rooms luxury hotel with world-class shopping, state-of-art meeting and convention facilities, bespoke restaurants and lounges, extensive entertainment choices and other amenities.

Its subsidiary company in India has secured two (2) structural steel projects which includes the Rupa IT Building and the Rupa Crystal IT Building.

With the above new projects, the Group’s current outstanding order book is RM6.6 billion, a record in EVERSENDAI CORPORATION BERHAD history.

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Quick check on the NEOM's Trojena Ski Village and here is some exciting photos to wow you 😍😍😍