ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue 212.6 258.2 -17.66 251.7 -15.534
Gross Profit (Loss) 90.2 134.9 -33.135 91 -0.879
Operational Profit (Loss) 46.4 94.8 -51.054 45.9 1.089
Net Profit (Loss) after Zakat and Tax 0.8 32.3 -97.523 -0.9 -
Total Comprehensive Income 1.6 32 -95 0.6 166.666
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Total Share Holders Equity (after Deducting Minority Equity) 1.455 1.486 -2.086
Profit (Loss) per Share 0.01 0.4
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease in net profit during the current quarter compared to the same quarter of previous year is due to the following:

 

 

- Results for the quarter were impacted by ongoing global supply chain disruptions, which were compounded by the resumption of pandemic restrictions in China, affecting gateway and transshipment volumes in the Ports segment.

 

- Revenues and profitability in the water segment were impacted during the period due to a decrease in the production of the desalination plant of the Kindasa facility for two consecutive months during the quarter which resulted in a loss incurred by the subsidiary.

 

All issues related to this decline have been resolved.

 

 

- Consequently, gross profit for the period declined to SAR 90.2 million in Q1 2022, from SAR 134.9 million in the same period last year, as headwinds in the global ports and logistics sectors impacted margins during the quarter.

 

- Reported net income for the quarter was SAR 0.8 million compared to SAR 32.3 million for the same period last year, as a result of a decline in gross profit during the period due to a decrease in the production at the Kindasa plant which impacted revenues and profitability, and a reduction in SISCO’s share of Red Sea Gateway Terminal’s (“RSGT”) net income from 60.6% to 36.36% during the period, following the divestment of its direct equity stake.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The increase in net profit for the current quarter as compared to the previous quarter is due to the following:

 

 

- In the previous quarter (Q4 2021) the Company reported a net loss of SAR 0.9 million mainly due to the decline in margins as a result of lower gateway volumes in the Ports segment, and a number of one-off items amounting to a net adjustment of SAR 6.5 million.

Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Financial statements for the current period have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia and based on that the presentation, measurement, recognition and disclosure for some of the financial data has been changed to comply with IFRS accounting policies as adopted in the Kingdom.
Additional Information In accordance with IFRIC 12 (IFRS Interpretations Committee) 12, reported revenue includes construction revenue of SAR 16.4 million. There is no impact on gross profit or net profit as there is a corresponding construction cost of SAR 16.4 million recognized in the cost of revenue.

 

 

In March 2022, SISCO completed the acquisition of a 31.7% direct equity stake in Green Dome Investments LLC (“Green Dome”) from its subsidiary Saudi Trade & Export Development Company (“LogiPoint”). The acquisition reinforces SISCO’s strategy of expanding its presence in logistics services and maintaining its position as a leading player with a presence across the logistics value chain.

 

Outlook and strategy:

 

SISCO continues to make strong progress with the delivery of its five-year strategy to drive long-term value creation and double revenues to SAR 2 billion by 2025. The partial divestment of the Group’s direct equity stake in RSGT in 2021 unlocked significant value and capital for the Company to deploy on value accretive investments that are in line with its strategic focus areas of ports, logistics and water. SISCO has a strong pipeline of potential acquisition opportunities that it is actively pursuing and will be providing material updates to the market in due course.

Attached Documents    

ELEMENT LISTEXPLANATION
Announcement Detail Dividend Policy Announcement

 

Saudi Industrial Services Company (“SISCO” or the “Company”) announces that the Board of Directors has approved the Company’s dividend policy for the years 2022 and 2023.

Dividend Policy

The Board recognises the distribution of a progressive and sustainable dividend as one of its key management objectives, underpinned by SISCO’s strong track record of delivering a consistent dividend over the last five years. As such, the Board believes that it is important to have a policy that enables an appropriate balance between reinvestment for growth and distributions to shareholders, while offering the flexibility to implement the recently announced updated five-year strategy that aims to deliver long-term shareholder value through leveraging the significant opportunities in SISCO’s core sectors of ports, logistics and water.

The Company has a strong pipeline of value accretive investment opportunities in its core sectors that will enable SISCO to build on its proven track record as partner of choice to develop key infrastructure projects and contribute significantly to the Kingdom’s Vison 2030.

As a result, the Board has decided on a new dividend policy whereby the Company shall endeavour to pay a total annual dividend in the order of SAR 0.80 per share for each of the financial years 2022 and 2023. This policy will result in a semi-annual dividend of SAR 0.40 per share for these years.

The dividend policy will be reviewed annually in the context of the Company’s investment requirements and may be subject to change based on any market changes, fundamental changes in the Company's strategy, cash flows and any new investment opportunity or financial obligations that may arise at a future date.

-Ends-


ELEMENT LISTEXPLANATION
Introduction SISCO Board of Directors is pleased to announce the results of the 32nd Ordinary General Assembly meeting (Second Meeting)
City and Location of the General Assembly's Meeting Head Office – Jeddah - through modern technology methods
Date of the General Assembly's Meeting 2022-05-12 Corresponding to 1443-10-11
Time of the General Assembly's Meeting 19:30
Percentage of Attending Shareholders 23.19%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees 1- AAMER ABDULLAH ALIREZA (Chairman)

 

2- ADNAN ABDULFATTAH SOUFI (Vice Chairman)

3- SALEH AHMAD HEFNI (Board Member)

4- MUNEERAH HEJAB ALDOSSARY (Board Member)

5- TALAL NASSER ALDAKHIL (Board Member)

6- AHMED MOHAMMED ALRABIAH (Board Member)

7- ABDULAZIZ ABDULATIF JAZZAR (Board Member)

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf 1- Dr. Adnan Abdulfattah Soufi (Chairman of the Investment Committee -Chairman of the Risk and Sustainability Committee)

 

2- Dr. Adbulaziz Abdulatif Jazar (Chairman of the Nomination and Remuneration Committee & on behalf of the Audit Committee Chairman)

Voting Results on the Items of the General Assembly's Meeting Agenda's Agenda Item 1: Approve the Board of Directors Report for the fiscal year ended 31 December 2021.

 

 

Agenda Item 2: Approve the consolidated Financial Statements for the fiscal year ended 31 December 2021.

 

Agenda Item3: Approve the Auditors Report for the fiscal year ended 31 December 2021.

 

Agenda Item 4: Approve the appointment of KPMG Al Fozan & Partners as External Auditors for the Company from the nominees, and determine their fees based on the Audit Committee recommendation to review and audit the Company’s Interim Financial Statements for the second, third and fourth quarters of the fiscal year 2022 and full year as well as the first quarter of the fiscal year 2023.

 

Agenda Item 5: Approve absolving the Board of Directors from their liabilities pertaining to the management of the Company for the fiscal year ended 31 December 2021.

 

Agenda Item 6: Approve authorizing the Board of Directors to distribute interim dividends to the shareholders for the financial year 2022.

 

Agenda Item 7: Approve increasing the number of AC seats from (3) to (4) seats, whereby the number of AC becomes (4) members by appointing Mr. Nader Ashour (Member from outside the Board) starting from the date of the Annual General Assembly until the end of the current AC committee's cycle which will end on June 30, 2023.

 

Agenda Item 8: Approve the transactions and contracts between SISCO subsidiary Saudi Trade and Export Development Company (LogiPoint) with Xenel Industries Limited, which owns 14.69% shares in SISCO (note that Mr. Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, current Chairman of the Board of Directors of SISCO and Chairman of the Board of Directors of LogiPoint). The value of transaction for 2021 was SR 0.38 million and it mainly pertained to cross charge of actual expenses which are shared by the Group companies.

 

Agenda Item 9: Approve the transactions and contracts between SISCO subsidiary Red Sea Gateway Terminal Co. (RSGT) and Karam Al Arabi Catering, an affiliate of Xenel Industries Limited, which owns 14.69 % shares in SISCO (note that Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, Chairman of the Board of Directors of RSGT and Chairman of the Board of Directors of SISCO). The value of transaction for 2021 was SR 19.30 million and it mainly pertained to provision of meals and management of employees’ housing camps for RSGT. Those transactions are on general commercial terms executed without any preferential treatment.

 

Agenda Item 10: Approve the transactions and contracts between SISCO subsidiary Saudi Trade and Export Development Company (LogiPoint) and Arabian Bulk Trade Company, a subsidiary of Xenel Industries Limited, which owns 14.69 % shares in SISCO (note that Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, Chairman of the Board of Directors of SISCO and Chairman of the Board of Directors of LogiPoint). The value of transaction for 2021 was SR 0.35 million and it mainly pertained to lease of land and warehouses by LogiPoint. Those transactions are on general commercial terms executed without any preferential treatment.

 

Agenda Item 11: Approve SISCO to acquire 31.66% shares in Green Dome Investments Limited from its subsidiary LogiPoint, of which SISCO owns 76% shares (note that Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, Chairman of the Board of Directors of SISCO and Chairman of the Board of Directors of LogiPoint. Also, Eng. Saleh Hefni has an indirect interest as he is one of the members of Board of Directors of SISCO and one of the members of Board of Directors of LogiPoint). The value of the transaction is SAR 44.5 million. The transaction is being conducted at fair value and on general commercial terms executed without any preferential treatment.


Over the past Ramadan Sisco and our subsidiaries, In cooperation with the Itaam Saudi Food Bank, donated food baskets to help feed the needy and poor in Jeddah and the sounding areas. We helped to pack the boxes and once complete, Itaam distributed the baskets to needy families in Jeddah, all done as we give back to our community as part of our corporate social responsibility activities.




ELEMENT LISTEXPLANATION
Introduction The Board of Directors of Saudi Industrial Services Co. is pleased to invite the valued shareholders to participate and vote in the General Assembly meeting (the first meeting ) scheduled to be held through modern technology methods, at (18:30) on Thursday 05/12/2022 AD corresponding to 11/10/1443 AH
City and Location of the General Assembly's Meeting Head Office – Jeddah - through modern technology methods
URL for the Meeting Location www.tadawulaty.com.sa
Date of the General Assembly's Meeting 2022-05-12 Corresponding to 1443-10-11
Time of the General Assembly's Meeting 18:30
Attendance Eligibility Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly's Meeting The General Assembly meeting shall be valid if attended by shareholders representing at least one-fourth of the Company’s capital. In the absence of a quorum required for holding the meeting, a second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented.
General Assembly Meeting Agenda 1. Voting on the Board of Directors Report for the fiscal year ended 31 December 2021.

2. Voting on the consolidated Financial Statements for the fiscal year ended 31 December 2021.

3. Voting on the Auditors Report for the fiscal year ended 31 December 2021.

4. Voting on the appointment of the External Auditors for the Company’s from the nominees, and determine their fees based on the Audit Committee recommendation to review and audit the Company’s Interim Financial Statements for the second, third and fourth quarters of the fiscal year 2022 and full year as well as the first quarter of the fiscal year 2023.

5. Voting on the absolving the Board of Directors from their liabilities pertaining to the management of the Company for the fiscal year ended 31 December 2021.

6. Voting on authorizing the Board of Directors to distribute interim dividends to the shareholders for the financial year 2022.

7. Voting on increasing the number of AC seats from (3) to (4) seats, whereby the number of AC becomes (4) members by appointing Mr. Nader Ashour (Member from outside the Board) starting from the date of the Annual General Assembly until the end of the current AC committee's cycle which will end on June 30, 2023.(CV attached)

8. Voting on the transactions and contracts between SISCO subsidiary Saudi Trade and Export Development Company (LogiPoint) with Xenel Industries Limited, which owns 14.69% shares in SISCO (note that Mr. Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, current Chairman of the Board of Directors of SISCO and Chairman of the Board of Directors of LogiPoint). The value of transaction for 2021 was SR 0.38 million and it mainly pertained to cross charge of actual expenses which are shared by the Group companies.(attached)

9. Voting on the transactions and contracts between SISCO subsidiary Red Sea Gateway Terminal Co. (RSGT) and Karam Al Arabi Catering, an affiliate of Xenel Industries Limited, which owns 14.69 % shares in SISCO (note that Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, Chairman of the Board of Directors of RSGT and Chairman of the Board of Directors of SISCO). The value of transaction for 2021 was SR 19.30 million and it mainly pertained to provision of meals and management of employees’ housing camps for RSGT. Those transactions are on general commercial terms executed without any preferential treatment.(attached)

10. Voting on the transactions and contracts between SISCO subsidiary Saudi Trade and Export Development Company (LogiPoint) and Arabian Bulk Trade Company, a subsidiary of Xenel Industries Limited, which owns 14.69 % shares in SISCO (note that Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, Chairman of the Board of Directors of SISCO and Chairman of the Board of Directors of LogiPoint). The value of transaction for 2021 was SR 0.35 million and it mainly pertained to lease of land and warehouses by LogiPoint. Those transactions are on general commercial terms executed without any preferential treatment.(attached)

11. Voting on SISCO to acquire 31.66% shares in Green Dome Investments Limited from its subsidiary LogiPoint, of which SISCO owns 76% shares (note that Mr. Aamer Alireza has an indirect interest as he is one of the members of Board of Directors of Xenel industries, Chairman of the Board of Directors of SISCO and Chairman of the Board of Directors of LogiPoint. Also, Eng. Saleh Hefni has an indirect interest as he is one of the members of Board of Directors of SISCO and one of the members of Board of Directors of LogiPoint). The value of the transaction is SAR 44.5 million. The transaction is being conducted at fair value and on general commercial terms executed without any preferential treatment.

Proxy Form
E-Vote The company assures to all its shareholders that registration and voting are limited to the assembly's items through (electronic voting), which will be available to shareholders registered on the Tadawulaty Platform from 10:00 am on Sunday 7/10/1443 Corresponding 8/5/2022 until the end of the assembly time.

Registration and voting for Tadawulaty services will be available free of charge to all shareholders using the following link: (www.tadawulaty.com.sa)

Eligibility for Attendance Registration and Voting Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication In the event of an inquiry, we hope to contact the Shareholders Relations Department through

Phone number: 0126619500

Email: Maqbool@sisco.com.sa

Attached Documents          

ELEMENT LISTEXPLANATION
Introduction Pursuant the company’s announcement on 20/02/1443H corresponding to 27/09/2021 the Saudi Industrial Services Company "SISCO" announces developments by its associate company, the International Water Distribution Company “Tawzea” -which is equally owned by the Saudi Industrial Services Company "SISCO” and the Saudi Arabian Amiantit Company "- that Tawzea as the developer for the independent wastewater treatment plants in the cities of Tabuk and Buraidah has successfully achieved financial closure in close coordination with the Saudi Water Partnerships Company on 30/07/1443H corresponding to 03/03/2022 in cooperation with the consortium it formed in partnership with the Spanish company "Acciona" and the Saudi Company “Tamasuk Holding“ to support the development of the sewage treatment plants and their financing, in addition to the provision of engineering and procurement services, construction concession, implementation, ownership, operation and maintenance, and then transfer of ownership (BOOT) to the Saudi Water Partnerships Company.( Tawzea share is 35% )
Previous Announcement Signing of a contract by an associate company for the construction of 2 independent sewage treatment plants in the cities of Tabuk and Buraidah
Date of Previous Announcement on Tadawul's Website 2021-09-27 Corresponding to 1443-02-20
Percentage of fulfilled achievement NA
Event's Expected Completion Date NA
The costs associated with the event, and if they have changed or not with indication of the reasons. NA
Additional Information The Tabuk plant will process 90,000 cubic meters per day, and it is scheduled to complete construction of the plant and start its operation in the third quarter of 2024.

The Buraidah plant will process 150,000 cubic meters per day, and it is scheduled to complete the construction of the plant and is also planned to start its operation in the third quarter of 2024.

The financing of both projects, with a total cost of more than SR1.4 billion ($373 million), was facilitated through the financing of local banks. The consortium established 2 project companies within the public-private partnership (PPP) model framework to manage and operate the plants for a period of 25 years after the end of construction activities , embodying the Kingdom’s Vision 2030 in the context of privatizing infrastructure projects.


ELEMENT LISTEXPLANATION
Introduction Pursuant the company’s announcement on 20/02/1443H corresponding to 27/09/2021 the Saudi Industrial Services Company "SISCO" announces developments by its associate company, the International Water Distribution Company “Tawzea” -which is equally owned by the Saudi Industrial Services Company "SISCO” and the Saudi Arabian Amiantit Company "- that Tawzea as the developer for the independent wastewater treatment plant in Madinah, has successfully achieved financial closure in close coordination with the Saudi Water Partnerships Company on 30/07/1443H corresponding to 03/03/2022 in cooperation with the consortium that it has formed in partnership with the Spanish company "Acciona" and the Saudi Company “Tamasuk Holding“ to support the development of the sewage treatment plant and its financing, in addition of the provision of engineering and procurement services, construction concession, implementation, ownership, operation and maintenance, and then transfer of ownership (BOOT) to the Saudi Water Partnerships Company .( Tawzea share is 35% )
Previous Announcement Signing of a contract by an associate company for the construction of an independent sewage treatment plant in the city of Madinah.
Date of Previous Announcement on Tadawul's Website 2021-09-27 Corresponding to 1443-02-20
Percentage of fulfilled achievement NA
Event's Expected Completion Date NA
The costs associated with the event, and if they have changed or not with indication of the reasons. NA
Additional Information The Madinah plant, currently in its first phase, will process 200,000 cubic meters per day, and is scheduled to complete the construction of the plant and start its operations in the fourth quarter of 2024. The plant is also expected to gain an expansion of capacity by 175,000 m3 per day as part of its expansionary plans.

 

 

The financing of this project, with a total cost of more than SR966 million ($257 million), was facilitated through the financing of local banks. The consortium establish a project company within the public-private partnership (PPP) model framework to manage and operate the plants for a period of 25 years after the end of construction activities , embodying the Kingdom’s Vision 2030 in the context of privatizing infrastructure projects.


ELEMENT LISTCURRENT YEARPREVIOUS YEAR%CHANGE
Sales/Revenue 985.4 1,020.9 -3.477
Gross Profit (Loss) 446.5 423.7 5.381
Operational Profit (Loss) 278.3 256.2 8.626
Net Profit (Loss) after Zakat and Tax 57.9 139.4 -58.464
Total Comprehensive Income 61.6 132.4 -53.474
Total Share Holders Equity (after Deducting Minority Equity) 1,486 1,174.5 26.521
Profit (Loss) per Share 0.71 1.71
All figures are in (Millions) Saudi Arabia, Riyals

 

ELEMENT LISTEXPLANATION
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The decrease in net profit for the current year as compared to the previous year is due to the following reasons:

1. In the previous year (2020), SISCO’s net profit included one-off gains and reversal of provisions and liabilities amounting to positive impact on net income of SAR 72.9 million.

2. SISCO’s share of RSGT net income reduced from 60.6% to 36.36% during the period following the strategic divestment of its direct equity stake.

3. During the second half of 2021, gateway volumes in the ports segment declined due to headwinds in global logistics, impacting margins during the year.

4. SISCO incurred a number of one-off items amounting to a net amount of SAR 7.1 million in 2021.

Gross profit for FY 2021 increased by 5.4% to SAR 446.5 million, predominantly driven by revenue growth in the ports and logistics segments.

Statement of the type of external auditor's report Unmodified opinion
Reclassification of Comparison Items Financial statements for the current period have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia and based on that the presentation, measurement, recognition and disclosure for some of the financial data has been changed to comply with IFRS accounting policies as adopted in the Kingdom.
Additional Information In accordance with IFRIC 12 (IFRS Interpretations Committee) 12, reported revenue includes construction revenue of SAR 64.20 million. There is no impact on gross profit or net profit as there is a corresponding construction cost of SAR 64.20 million recognized in the cost of revenue.

Outlook and strategy:

In the second half of 2021, SISCO announced its new growth strategy which aims to double revenues and improve margins over the next five years, by expanding logistics services with an emphasis on an asset light model, growing the ports segment beyond Saudi Arabia and driving the full potential of the existing portfolio. Management believes that the Group is making good progress with the execution of this strategy, optimizing the portfolio to deliver synergies with the existing logistics services division.

SISCO continues to make progress on the implementation of its recently updated five-year strategy for growth, which aims to leverage existing capabilities in its core segments to invest in assets with a significant opportunity to be scaled-up and accelerate the returns timeline for SISCO and its shareholders. Key milestones during the year, in support of delivering on the strategy, included the part divestment of the Group’s direct equity stake in RSGT, ramp-up in logistics capacity expansion by subsidiary LogiPoint, and an important independent sewage water treatment plant award for Tawzea.

Attached Documents    

ELEMENT LISTEXPLANATION
Introduction The Board of Directors of Saudi Industrial Services Company in their meeting on 1st March 2022 corresponding to [28 Rajab 1443H] recommended a cash dividend distribution to the shareholders of the company for the financial year 2021 as following:
Date of the board’s decision 2022-03-01 Corresponding to 1443-07-28
The Total amount distributed 32,640,000
Number of Shares Eligible for Dividends 81,600,000
Dividend per share 0.40
Percentage of Dividend to the Share Par Value (%) 4 %
Eligibility date The eligibility date is 7th Shaban 1443H corresponding to 10th March 2022. The eligibility of dividends distribution will be for the shareholders of the company who own shares on the eligibility date and are registered in the company’s share registry at the Securities Depository Center Company at the end of the second trading day following the eligibility date
Distribution Date The dividend distribution date will be on 24th Shaban 1443 H corresponding to 27th March 2022.
Additional Information The proposed recommended dividend is the ordinary dividend for fiscal year ended 31 December 2021.

ELEMENT LISTEXPLANATION
Introduction Saudi Industrial Services Company announces the Contract Sign Off between the National Water Company. and a consortium in which one of its associate companies, the International Water Distribution Company Limited (Tawzea), the Saudi Industrial Services Company owns 50% of the sharecapital, and the objective of the project is to manage, operate and maintain water and environmental treatment services in the southern sector for the Kingdom of Saudi Arabia.

The consortium consists of four companies (Aqualia, Acciona, Tawzea And HAACO).

Date of Announcement of the Award 2022-02-21 Corresponding to 1443-07-20
Contract Subject Matter Management contract for the southern sector in the National Water Company
Date of Signing the Contract 2022-02-21 Corresponding to 1443-07-20
Contract Value SAR 399 million
Contract Details A management contract for operation and maintenance, through which the consortium Company will manage the operation and maintenance of water and environmental treatment services in the southern 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 south of the Kingdom of Saudi Arabia, and Tawzea owns 23% of the project 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 fourth quarter of 2022.
Related Parties There are no related parties
Additional Information The company will announce any future developments in this regard at the time.





"سيسكو" للعربية: خفض حصتنا بـ"البحر الأحمر" بهدف جذب الاستثمار الأجنبي


رئيس "سيسكو" لـ"العربية": حصتنا في "بوابة البحر الأحمر" تقلصت إلى %36


الرئيس التنفيذى لـ "سيسكو" لـ CNBC عربية


Saudi Arabia’s SISCO completes 21.2% RSGT stake sale to PIF and CSPL.


SISCO Group CSR Initiative Ramadan Gift Boxes


Taif Independent Sewage Treatment Project - Corner stone lying Ceremony


SISCO's profit increased by 174% to 139.4 million riyals in 2020


SISCO signs an agreement with the Public Investment Fund and COSCO, worth 557 million riyals


Public Investment Fund (PIF) and COSCO Shipping Ports Limited (CSPL) have agreed to acquire strategic minority equity stake in RSGT


أعلى نسبة للمناولة بلغت ما يتجاوز 3 ملايين حاوية قياسية في الأشهر التسعة الأولى من 2020


Saudi SISCO CEO, CNBC Arabia: We may return our estimates for 2020 due to what is happening in the world


Latest Developments on Taif Independent Sewerage Plant Project


أرباح "سيسكو" السعودية تتراجع 40% بالربع الثالث من 2019


أرباح "سيسكو" السعودية تنمو 77% بالربع الثاني 2019


2018/10/29 - An interview on CNBCARABIA with SISCO CEO


2017/12/16 - SISCO Making a Difference - Dive In CSR Activity


2017/07/12 - An interview on CNBCARABIA with SISCO CEO


2015/05/31 - An interview on CNBCARABIA with SISCO CEO



2015/03/15 - An interview on CNBCARABIA with SISCO CEO


2015/03/15 - Jeddah port receives the largest container carrier in the world - Video


2015/01/20 - SISCO CEO Interview with CNBC Arabia