Citaglobal announced that a wholly-owned subsidiary of the company has accepted letter of awards from NL Builder for a proposed riverwall project in Sarawak and another loa from Avos Malaysia for a proposed construction work for the urban transportation system in Kuching for a total value of RM50.9 million.

The value of the riverwall sub-Contract job is RM19.3 million while the value of the Kuching job is RM31.6 million which are said to be for a duration of 20 months.

The group said the contracts are expected to contribute positively to the future earnings and net assets per share of the Company for the financial years ending 31 December 2024, 31 December 2025 and 31 December 2026.