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 08:43:38 · Announcement #77209 · 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 18/02/1445H corresponding to 03/09/2023, 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 wastewater treatment plants in the cities of Dammam and Khobar.
Date of Announcement of the Award	2023-09-03 Corresponding to 1445-02-18
Contract Subject Matter	Operation and maintenance of the wastewater treatment plants in the cities of Dammam and Khobar.
Date of Signing the Contract	2023-10-12 Corresponding to 1445-03-27
Contract Value	SAR 34,494,400 SAR excluding VAT.
Contract Details	An operation and maintenance of wastewater treatment plants project, in which Tawzea will operate and maintain wastewater treatment plants in the cities of Dammam and Khobar during the project duration.
Contract Duration	18 months
Financial Impact and the Relevant Period	Financial impact is expected to take place during 4th quarter of year 2023.
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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