MUR
MUR
MUR - Murray & Roberts In The Middle East
MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN Code: ZAE000073441
("Murray & Roberts" or "Group")
MURRAY & ROBERTS IN THE MIDDLE EAST
Shareholders will be aware that market conditions in sectors of the Middle East
and elsewhere have become volatile as a result of the worsening global financial
crisis.
Following cancellation of Trump Towers and the subsequent award of Dubai
International Airport Concourse 3 to Murray & Roberts late last year, the Group
has proactively sought clarity from its clients on the firmness of its remaining
order book in Middle East. It has now been confirmed that Sama Dubai has
terminated the Salam Resort Project in Bahrain where the Group is in joint
venture with local partner Nass Corporation.
The Group will close out its position in terms of the contract and it is not
expected there will be any material impact on the financial result for the year
to 30 June 2009. Following the release of the Group`s interim results on 25
February 2009, full details of the order book will be published.
This announcement has not been reviewed or reported on by the Group`s auditors.
Bedfordview
20 January 2009
Sponsor:
Deutsche Securities (SA) (Pty) Ltd.
Date: 20/01/2009 17:48:29 Produced by the JSE SENS Department.
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