| Element List | Explanation |
|---|---|
| Announcement Detail | Event description: |
Based on a recommendation from the Board of Directors of the International Water Distribution Company on 16/12/2021G to convert the International Water Distribution Company Limited from a limited liability company to a closed joint stock company, and accordingly it was decided to issue the partners’ decision on 23/12/2021G regarding the approval of converting the company from a company With limited liability to a closed joint stock company, and appointed the Financial Brokerage Company (Wasatah Capital) as a financial advisor for the offering in order to prepare the company’s file, in addition to the approval to start taking the necessary and legal procedures to list the company in the parallel Saudi market (Nomu) after taking the approvals. Saudi Arabian Amiantit Company owns 50% of the share capital of the International Water Distribution Company Ltd., in partnership with the Saudi Industrial Services Company (SISCO).
additional information:
The application for listing is subject to the requirements and approvals of the regulatory and supervisory authorities in the Kingdom of Saudi Arabia, including the Capital Market Authority, the Saudi Stock Exchange Company (Tadawul), the Ministry of Commerce and other regulatory authorities.
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.