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Sustained Infrastructure Holding Co. — Capital/Financing Update 2021
Aug 26, 2021
53308_rns_2021-08-26_17d62da5-4e28-4ded-adc4-daeb74c3080f.html
Capital/Financing Update
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Saudi Industrial Services CO. Announces about choosing the consortium, which one of its associates participates in, as the preferred bidder for Buraydah and Tabuk plants
2190 · 26/08/2021 08:31:22 · Announcement #64725 · View on Saudi Exchange
Saudi Industrial Services CO. Announces about choosing the consortium, which one of its associates participates in, as the preferred bidder for Buraydah and Tabuk plants
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Industrial Services Company (SISCO) announces about one of its associates, International Water Distribution Company “Tawzea” which SISCO owns 50% of its share capital of SAR 146 million in partnership with Saudi Arabian Amiantit Company. A consortium between “Tawzea" with 35%, a Spanish international company "Acciona "with 35% and "Tamasuk" with 30% was chosen as the preferred bidder for Buraydah and Tabuk Independent Sewage Plant Project on 25/08/2021 by the Saudi Water Partnership Company. |
Upon final award of the project, the consortium will finance, develop, design, build, operate and maintain the two plants and then transfer, on (BOT) basis, along with the development of infrastructure and related facilities. The term of the contract is 25 years. The company which will be established for the project will treat the full capacity of the wastewater supplied to the company with capacity up to 150,000 cubic meters per-day for Buraydah and 90,000 cubic meter for Tabuk.
SISCO will announce any updates regarding the project and financial impact on its financials once the contract is awarded.
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.