Sustained Infrastructure Holding Co. — Capital/Financing Update 2022

Sep 15, 2022

Saudi Industrial Services Co. Announces the signing of a contract for one of its associate companies in consortium with National Water Company

2190 · 15/09/2022 08:11:54 · Announcement #70159 · View on Saudi Exchange

Saudi Industrial Services Co. Announces the signing of a contract for one of its associate companies in consortium with National Water Company

Element List	Explanation
Introduction	With reference to the announcement of Saudi Industrial Services Company in Tadawul website on 23/01/1444H corresponding to 21/08/2022G regarding a warding the project of management, operation and maintaining water and environmental treatment services in the northern sector for the Kingdom of Saudi Arabia by the National Water Company.

The Company announces the Contract Sign Off between the National Water Company. and a consortium in which one of the affiliate companies participates, “International Water Distribution Company Limited” (Tawzea), Saudi Industrial Services Company owns 50% of the capital, and the objective of the project is to manage, operate and maintain water and environmental treatment services in the northern sector for the Kingdom of Saudi Arabia by the National Water Company.

The consortium consists of three companies (Aqualia Spain Co., Tawzea Co. And Alhaj Abdullah Ali Riza Co. “HAACO”). Date of Announcement of the Award 2022-08-21 Corresponding to 1444-01-23 Contract Subject Matter Management contract for the northern sector in the National Water Company Date of Signing the Contract 2022-09-14 Corresponding to 1444-02-18 Contract Value SAR 400,162,000 (Including VAT) Contract Details A contract of management, operation and maintenance, through which the consortium Company will manage the operation and maintenance of water and environmental treatment services in the northern sector by raising operational efficiency, technical knowledge, quality and availability of services and maintenance requirements in the sector. The sector serves 4 regions in the north of the Kingdom of Saudi Arabia, and Tawzea owns 39% of the project’s company to implement the contract. Contract Duration 7 years Financial Impact and the Relevant Period The financial impact of the project is expected to be reflected in the first quarter of 2023 Related Parties There are no related parties Additional Information The company will announce any future developments in this regard at the time.

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