Dialog secures long-term contract from Petronas


02 July 2019

Source: The Star

 

Dialog bags contract from Petronas

PETALING JAYA: Dialog Group Bhd has secured a master service agreement for turnaround and maintenance works from Petroliam Nasional Bhd (Petronas) via its wholly owned subsidiary Dialog Plant Services Sdn Bhd.

The contract covers integrated plant turnaround works and daily maintenance work on mechanical static for Petronas' plants group-wide, and is valid for a period of five years with an option to extend by Petronas.

Dialog executive chairman Tan Sri Dr Ngau Boon Keat said the group is appreciative of the new long-term contract awarded by Petronas and greatly values the confidence and trust placed upon Dialog.

"This long-term contract will enable Dialog to continue developing and enhancing the competency of our workforce and maintain our competitiveness in the industry, while pursuing our mission to sustain growth for the group.

"We are committed to delivering the best work performance without compromising on health, safety, environmental and quality matters for all our customers," he said.

The group said in a filing with Bursa Malaysia yesterday that the master service agreement is expected to contribute positively to the earnings and net assets per share of Dialog for the financial years ending June 30, 2020 onward.

Dialog closed 0.31% higher at RM3.27 yesterday.

A total of 5.69 million shares changed hands.