Project awarding between National Water Company and The International Water Distribution Company (Tawzea)

SISCO holding Company announces a project awarding notification between the National Water Company and International Water Distribution Company (“Tawzea”), a SISCO holding’s portfolio company in the water sector, which SISCO holding owns 50% of the shares. The objective of the project is to operate and maintain the wastewater treatment plants in the cities of Dammam and Khobar.

Element List Explanation
Introduction SISCO holding Company announces a project awarding notification between the National Water Company and International Water Distribution Company (“Tawzea”), a SISCO holding’s portfolio company in the water sector, which SISCO holding owns 50% of the shares. The objective of the project is to operate and maintain the wastewater treatment plants in the cities of Dammam and Khobar.
Date of Award 2023-08-31 Corresponding to 1445-02-15
Project Value SAR 34,494,400 excluding VAT.
Project 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.
Related Parties There are no related parties
Additional Information The Contract Period is 18 months, Financial impact is expected to take place during 4th quarter of year 2023G. And the Company will announce any future developments in this regard at the time and when receiving and signing the final version of the contract by all concerned parties.
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03 / 09 / 2023 General