Sustained Infrastructure Holding Co. — Capital/Financing Update 2021

Sep 27, 2021

Saudi Industrial Services Co. Announces an update on Saudi Industrial Services CO. Announces about choosing the consortium, which one of its associates participates in, as the preferred bidder for Madina plant

2190 · 27/09/2021 08:30:21 · Announcement #64971 · View on Saudi Exchange

Saudi Industrial Services Co. Announces an update on Saudi Industrial Services CO. Announces about choosing the consortium, which one of its associates participates in, as the preferred bidder for Madina plant

Element List	Explanation
Introduction	Regarding to Saudi Industrial Services Company announcement “SISCO” on 18/01/1443 H corresponding to 26/08/2021 for selecting a consortium which is formed between International Water Distribution Company "Tawzea" (which SISCO owns 50% of its share capital of SAR 146 million in partnership with Saudi Arabian Amiantit Company) with the Spanish company "Acciona" and "Tamasuk” as the preferred bidder for Medina Independent Sewage Plant Project, the Saudi Industrial Services Company “SISCO” announces that the contract has been signed by the consortium with the Saudi Water Partnerships Company for plant development on 19/02/1443 H, corresponding to 26/09/2021.
Previous Announcement	Saudi Industrial Services CO. Announces about choosing the consortium, which one of its associates participates in, as the preferred bidder for Madina plant
Date of Previous Announcement on Tadawul's Website	2021-08-26 Corresponding to 1443-01-18
Percentage of fulfilled achievement	Not applicable
Event's Expected Completion Date	Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable
Additional Information	The project includes design, build, operate, and maintain the plant and transfer the ownership of the project on (BOT) basis, along with the development of infrastructure and related facilities. The term of the contract is 25 years. The project will be financed through several banks. The objective of the project will be to develop a wastewater treatment facility with a capacity up to 200,000 cubic meters per day which expandable to 375,000 cubic meters.

Construction of the project is expected to start during the second quarter of 2022, once the financing agreements with the banks are finalized. Any updates regarding the cost of investment.

The financial impact will be reflected once the project is completed which is expected at the end of 2024 under SISCO's share of results of associates. and other updates related to this project will be announced in due time.

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