Sustainable Infrastructure Holding Company ("SISCO Holding") Announces the Award of a Project Between the National Water Company and the International Water Distribution Company (“Tawzea”), one of SISCO’s Portfolio Companies
| Element List | Explanation |
|---|---|
| Introduction | SISCO Holding announces that the International Water Distribution Company (“Tawzea”) has received a notice of award from the National Water Company. The objective of the project is the operation and maintenance of the water network and its associated facilities in the Al Madinah Al Munawwarah Region.
Tawzea is one of SISCO’s portfolio companies in the water sector, in which SISCO holds a 50% equity stake. |
| Date of Award | 2025-11-22 Corresponding to 1447-06-01 |
| Counterparty | National Water Company |
| Project Value | 133,450,150.00 SAR exclusive of VAT. |
| Project Details | Tawzea will provide operation and maintenance services for water distribution networks and transmission pipelines across all related facilities, including main and secondary pipelines, reservoirs, pumping stations, and various types of valves, along with all other components connected to the water distribution systems. The scope also includes the operation and maintenance of the well systems and transmission pipelines with all their facilities main and secondary lines, reservoirs, pumping stations, and valve systems within Al Madinah Al Munawwarah Region throughout the project duration. |
| Related Parties | There are no related parties |
| Additional Information | The Contract duration is 36 months, and SISCO Holding will announce further developments upon signing of the contract.
Financial impact is expected to be reflected during 1st quarter of year 2026. |
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