Company Name
:
AHMAD ZAKI RESOURCES BERHAD
Stock Name
:
AZRB  
Date Announced
:
11/10/2013


Type
:
Announcement
Subject
:
OTHERS

Description
:
LETTER OF AWARD
- THE PROPOSED CONSTRUCTION AND COMPLETION OF THE PANGKALAN SEMENANJUNG PASUKAN GERAKAN UDARA POLIS DIRAJA MALAYSIA ON PART OF LOT 1210 (PA 27811), JALAN LAPANGAN TERBANG SUBANG, SEKSYEN U3, SHAH ALAM SELANGOR FOR PERBADANAN PERWIRA HARTA MALAYSIA - PACKAGE 2

Announcement Details/Table Section :


Introduction
The Board of Directors of Ahmad Zaki Resources Berhad ("AZRB or the Company") is pleased to announce that its wholly-owned subsidiary, Ahmad Zaki Sdn Bhd ("AZSB") has on 11 October 2013, received the Letter of Award from Perbadanan Perwira Harta Malaysia ("the Award") for a project known as "The Proposed Construction and Completion of the Pangkalan Semenanjung Pasukan Gerakan Udara Polis Diraja Malaysia on Part of Lot 1210 (PA 27811), Jalan Lapangan Terbang Subang, Seksyen U3, Shah Alam Selangor" ("the Works").

Information on the Works
The Award for the Works amounts to a total value of RM162,961,400.00 (Ringgit Malaysia: One Hundred Sixty Two Million Nine Hundred Sixty One Thousand And Four Hundred Only). The contract period shall be ninety six (96) weeks commencing from the date of site possession.

Financial effects
The said Works shall not have any effect on the issued and paid up capital of AZRB. However, the Works is expected to contribute positively to AZRB Group's earnings and the net tangible assets for the financial years ending 2013 to 2015.

Directors' and Substantial Shareholders' interest
None of the Directors and Substantial Shareholders of AZRB or any persons connected to them have any interests, direct or indirect, in the aforesaid Works.

Statement by the Board of Directors
The Board of AZRB is of the opinion that the Works is in the best interest of the Company.

This announcement is dated 11 October 2013.


© 2013, Bursa Malaysia Berhad. All Rights Reserved.


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