| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Arabian Amiantit Company announces that the consortium in which one of its associated company participated (International Water Distribution Company “TAWZEA” participate (Amiantit owns 50% of its share capital (SAR 146M) with Saudi Industrial Services Company (SISCO)) that, Saudi Water Partnership Company has chosen that consortium between TAWZEA with 35%, a Spanish International Company “ACCIONA” with 35% and TAMASUK with 30% as the preferred bidder for Medina Independent Sewage Plant Project on 25/08/2021. |
Upon final award of the project, the consortium will finance, develop, design, build, operate and maintain the plant and then transfer, on (BOT) basis, along with the development of infrastructure and related facilities. The term of the contract is 25 years. The company which will be established for the project will treat the full capacity of the wastewater supplied to the company with capacity up to 200,000 cubic meters per-day.
Saudi Arabian Amiantit Company will announce any updates regarding the project and financial impact on its financials once the contract is awarded.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.