Sustained Infrastructure Holding Co. — Capital/Financing Update 2017

Dec 6, 2017

Addendum announcement from Saudi Industrial Services Co (SISCO). related to the awarding of a utility contract for one of its affiliate Companies

2190 · 06/12/2017 15:09:30 · Announcement #48750 · View on Saudi Exchange

Addendum announcement from Saudi Industrial Services Co (SISCO). related to the awarding of a utility contract for one of its affiliate Companies

Further to the announcement published on Tadawul's website on 23-06-2016 related to the awarding of a utility contract for one of its affiliate Companies Saudi Industrial Services Co. announces addendum as:

SISCO would like to announce that today, Wednesday 6-12-2017; the utility contract to improve and manage the water utility services in Jeddah 2nd & 3rd Industrial cities has been signed between The Saudi Industrial Property Authority (MODON), and the Saudi International Water Distribution Company (TAWZEA), one of SISCO's affiliate companies owned at a 50% share with Amiantit having a total share capital of SAR 146 million.

The duration of this contract is 5 years extendable to 25 years as of the execution date. The total expected revenues resulting from this contract are SAR 100 million over 5 years. The financial impact will appear on the financial statements of SISCO at the end of the 1st Quarter of 2018, the contract will be self-financing and the company will announce further developments, if any, as they arise.

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.