Sustained Infrastructure Holding Co. — Capital/Financing Update 2021

Jan 28, 2021

Correction announcement from Saudi Industrial Services Co. in regards to PUBLIC INVESTMENT FUND (“PIF”) AND COSCO SHIPPING PORTS LIMITED (“CSPL”) HAVE AGREED TO ACQUIRE STRATEGIC MINORITY EQUITY STAKE IN RED SEA GATEWAY TERMINAL LIMITED (“RSGT”), A SISCO SUBSIDIARY

2190 · 28/01/2021 08:16:50 · Announcement #61770 · View on Saudi Exchange

Correction announcement from Saudi Industrial Services Co. in regards to PUBLIC INVESTMENT FUND (“PIF”) AND COSCO SHIPPING PORTS LIMITED (“CSPL”) HAVE AGREED TO ACQUIRE STRATEGIC MINORITY EQUITY STAKE IN RED SEA GATEWAY TERMINAL LIMITED (“RSGT”), A SISCO SUBSIDIARY

Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website	2021-01-27 Corresponding to 1442-06-14
URL of the Previous Announcement	Click Here
Incorrect statements in the previous announcement	Upon completion of the Transaction, PIF and CSPL will own a combined 40% equity stake (respectively 20% each) by acquiring SISCO’s 21.2% direct equity stake and 19.8% equity stake of RSGT’s other minority shareholders, on a pro rata basis. The Transaction is all secondary capital, with the proceeds distributed to the existing shareholders on a pro-rata basis.
Correct Statement	Upon completion of the Transaction, PIF and CSPL will own a combined 40% equity stake (respectively 20% each) by acquiring SISCO’s 21.2% direct equity stake and 18.8% equity stake of RSGT’s other minority shareholders, on a pro rata basis. The Transaction is all secondary capital, with the proceeds distributed to the existing shareholders on a pro-rata basis.

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