Sustained Infrastructure Holding Co. — Capital/Financing Update 2021

Dec 26, 2021

Saudi Industrial Services Company "SISCO" announces significant developments in one of its associate companies, The International Water Distribution Company Limited “Tawzea”, which SISCO owns 50% of the share capital.

2190 · 26/12/2021 08:22:44 · Announcement #66075 · View on Saudi Exchange

Saudi Industrial Services Company "SISCO" announces significant developments in one of its associate companies, The International Water Distribution Company Limited “Tawzea”, which SISCO owns 50% of the share capital.

Element List

Explanation

Announcement Detail

In accordance with the recommendation of the Board of Directors of International Water Distribution Company on December 16, 2021 AD regarding the converting the company from a limited liability company to a closed joint stock company, and accordingly Tawzea partners approved on 23/12/2021 AD process of the conversion of the Company from a limited liability company to a closed joint stock company, and appointed Wasata Capital as a financial consultant to the conversion process and preparation of the company’s file, in addition approval to begin finalize the necessary procedures to listing the company into the Saudi Parallel Market (Nomu), Saudi Industrial Services Company "SISCO" owns 50% of Tawzea share capital in partnership with Saudi Arabian Amiantit Company.

The listing application is subject to partners final approval and the requirements and approvals of the regulatory and supervisory authorities in the Kingdom of Saudi Arabia, including the Capital Market Authority, the Saudi Stock Exchange (Tadawul), the Ministry of Commerce and other regulatory bodies.

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.