Saudi Arabian Amiantit Co. (“Amiantit”) Announces a project awarding between National Water Company and one of Amiantit’s investment in the water sector which is The International Water Distribution Company (“Tawzea”)
| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Amiantit Co. announces a project awarding notification between the National Water Company and one of Amiantit’s investments in the water sector which is The International Water Distribution Company ("Tawzea"). Amiantit owns 50% of the shares, and the objective of the project is to operate and maintain the water network in Makkah and its governorates. |
| Date of Award | 2023-09-26 Corresponding to 1445-03-11 |
| Project Value | SAR 199,476,500 SAR excluding VAT. |
| Project Details | An operation and maintenance of the water network, in which Tawzea will operate and maintain the water network in Makkah and its governorates during the project duration. |
| Related Parties | There are no related parties |
| Additional Information | - Duration of the contract: 60 months.
- Financial impact is expected to take place during 1st quarter of year 2024. - The Company will announce any future developments in this regard at the due time, the date of signing the contract, and when receiving and signing the final version of the contract by all the concerned parties. |
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