Sustained Infrastructure Holding Co. — Capital/Financing Update 2016

May 3, 2016

SISCO announces signing of an agreement to increase its shareholding in one of its subsidiaries

2190 · 03/05/2016 09:42:45 · Announcement #42554 · View on Saudi Exchange

SISCO announces signing of an agreement to increase its shareholding in one of its subsidiaries

SISCO announces entering in to a Share Sale & Purchase agreement on 2 May 2016 to increase its shareholding in its subsidiary Kindasa Water Services Company (a Closed Joint Stock Company with a share capital of SAR 77.3 million) from 60% to 65% by buying additional 5% shares from other shareholders for SAR 15 million from Company,s cash

Completion of this deal is subject to fulfilling certain conditions, obtaining required approvals, and finishing all legal formalities. After completion of required conditions and legal formalities, the new shareholding of Kindasa Water Services Company shall be as under:

1.Saudi Industrial Services Company 65%

2.Mohammed Abdul Lateef Jameel Company 35%

And it is expected to increase SISCO,s Net Profit for year 2016 by approximately SAR 0.7 million.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.