Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Sigachi Industries has informed the exchanges that Sigachi Arabia, a Joint Venture (JV) between its wholly owned subsidiary Sigachi MENA FZCO and Saudi National Projects Investment (SNP), has projected a revenue visibility of USD 180 Million for the Financial Year 2024-25. The revenue is anticipated to be generated primarily from Saudi Government Tenders and engagements with large corporates. Leveraging the local presence, Sigachi Arabia aims to capitalize on the opportunities presented within the Saudi Arabian market. Sigachi MENA FZCO will hold 75% stake and SNP, 25% in the Sigachi Arabia.
The above information is a part of company’s filings submitted to BSE.
