Malaysian Serba Secures Multiple Contracts

Malaysian engineering services provider Serba Dinamik Holdings June 18 said its subsidiaries have won seven contracts.

Serba Dinamik International, Serba Dinamik Holdings’ wholly owned subsidiary, has won a three-year ringgit 250.62mn ($60mn) operations and maintenance (O&M) contract from Pavilion Qatar Engineering, the company said in a stock exchange filing.

Another wholly owned subsidiary, Serba Dinamik, has secured one engineering, procurement, construction and commissioning (EPCC) contract and five O&M contracts.

The five O&M contracts have been awarded by Petronas Chemicals Fertiliser Sabah, Malaysian Refining Company, Malaysia LNG, Kebabangan Petroleum Operating Company and PC Myanmar (Hong Kong). Serba Dinamik won the EPPC contract from Petronas.

The O&M contracts have no specific value as the contracts are on a ‘call-out’ basis whereby the work orders will be awarded at the discretion of the clients based on its activities schedules and rates throughout the duration of the contracts, Serba Dinamik Holdings said.

“The contracts secured are expected to contribute positively to the SDHB Group’s earnings for the financial year ending 31 December 2019,” it said.