Sustained Infrastructure Holding Co. — Capital/Financing Update 2021

Oct 5, 2021

The Saudi Industrial Services Company announces the signing of a contract for one of its subsidiaries with the Saudi Ports Authority

2190 · 05/10/2021 08:11:06 · Announcement #65061 · View on Saudi Exchange

The Saudi Industrial Services Company announces the signing of a contract for one of its subsidiaries with the Saudi Ports Authority

Element List	Explanation
Introduction	Saudi Industrial Services Company (SISCO) announces that its subsidiary, Kindasa Water Services Company (Kindasa) has signed a new five-year contract with the Saudi Ports Authority (Mawani)
Date of Announcement of the Award	2021-10-04 Corresponding to 1443-02-27
Contract Subject Matter	Signing a new five-year contract with the Saudi Ports Authority (Mawani)
Date of Signing the Contract	2021-10-04 Corresponding to 1443-02-27
Contract Value	Not Applicable
Contract Details	Saudi Industrial Services Company (SISCO) is pleased to announce that its subsidiary, Kindasa Water Services Company (Kindasa) has signed a new five-year contract with the Saudi Ports Authority (Mawani) to continue their operations of the desalination plant in Jeddah Islamic Port with new terms and conditions. The new contract will be effective from 29 June 2022.
Contract Duration	five-years
Financial Impact and the Relevant Period	The financial and accounting impact of this contract on SISCO’s financial statements will be disclosed in due course following review by the external auditors.
Related Parties	none

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