Sustained Infrastructure Holding Co. — Capital/Financing Update 2016

Feb 25, 2016

Saudi Industrial Services Co.(SISCO) announces the latest developments on THE APPROVAL FROM THE SAUDI PORTS AUTHORITY FOR BERTH EXPANSION PROGRAM OF RED SEA GATEWAY TERMINAL CO.

2190 · 25/02/2016 16:51:34 · Announcement #41433 · View on Saudi Exchange

Saudi Industrial Services Co.(SISCO) announces the latest developments on THE APPROVAL FROM THE SAUDI PORTS AUTHORITY FOR BERTH EXPANSION PROGRAM OF RED SEA GATEWAY TERMINAL CO.

Further to the announcement published on Tadawul's website on 24-02-2016 related to THE APPROVAL FROM THE SAUDI PORTS AUTHORITY FOR BERTH EXPANSION PROGRAM OF RED SEA GATEWAY TERMINAL CO. Saudi Industrial Services Co.(SISCO) announces addendum as :

the signing of Civil Works contract between Red Sea Gateway Terminal Co and Saudi Archirodon Ltd. with a value of SAR 249 million. The works are going to be completed over the next 18 months. And financing of the contract shall be done with a combination of cash flow generated from operations of Red Sea Gateway Terminal Co and shariah compliant loan facilities . and there is no related party transactions in this contract.

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