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RA International Shares Up 24% As Inks Contract In Southern Africa

Thu, 13th Aug 2020 13:45

(Alliance News) - RA International Group PLC on Thursday announced a "significant" contract with an unnamed global client.

RA International provides services to remote sites in Africa and the Middle East. It said the two-year USD60 million contract will see the company provide integrated facilities management services in southern Africa.

The unnamed client was described as an engineering and construction firm focused on the oil and gas sector.

RA International Chief Executive Soraya Narfeldt said: "This is an important contract win for RA International that underlines the strengths of our business and our growing reputation for managing and delivering large, complex projects for commercial clients in the energy sector."

RA International shares were up 24% at 57.20 pence each on Thursday afternoon in London.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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