Rawasi Albina Investment, Ningbo Spring System to Develop Telecommunications, Electrical Cabinets

11:26 PM EST, 12/21/2025 (MT Newswires) -- Rawasi Albina Investment (SASE:9547) agreed to develop telecommunications and electrical cabinets with China's Ningbo Spring System Integration. The companies will develop infrastructure for the telecommunications, electricity, and water sectors and will look to set up factories serving the infrastructure sectors in Saudi Arabia, according to a Sunday release. The infrastructure networks company added that the memorandum of understanding signed for the initiative has an indefinite period.