Sustained Infrastructure Holding Co. — Capital/Financing Update 2023

Dec 5, 2023

Saudi Industrial Service company (“SISCO”) sign off Contract for Operation and Maintenance between National Water Company and one of SISCO’s portfolio investment in the water sector which is The International Water Distribution Company (“Tawzea”)

2190 · 05/12/2023 08:46:06 · Announcement #77211 · View on Saudi Exchange

Saudi Industrial Service company (“SISCO”) sign off Contract for Operation and Maintenance between National Water Company and one of SISCO’s portfolio investment in the water sector which is The International Water Distribution Company (“Tawzea”)

Element List	Explanation
Introduction	In reference to the company’s announcement of a project awarding on 12/03/1445H corresponding to 27/09/2023, SISCO announces the signing off a contract between the National Water Company and Tawzea (one of SISCO’s portfolio investments in the water sector). the objective of the project is to operate and maintain the water network in Makkah and its governorates.
Date of Announcement of the Award	2023-09-27 Corresponding to 1445-03-12
Contract Subject Matter	Operation and maintenance of the water network in Makkah and its governorates
Date of Signing the Contract	2023-11-23 Corresponding to 1445-05-09
Contract Value	SAR 199,476,500 SAR excluding VAT.
Contract Details	An operation and maintenance of the water network, in which Tawzea will operate and maintain the water network in Makkah and its governorates during the project duration.
Contract Duration	60 months
Financial Impact and the Relevant Period	Financial impact is expected to take place during 1st quarter of year 2024.
Related Parties	There are no related parties
Additional Information	Tawzea received the Agreement after it was signed by all parties on Monday 20-05-1445H corresponding to 04-12-2023

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