Thndr Claps » Saudi Claps » Industrials 🏗 » Sisco and Amiantit subsidiary signs SAR 400 million contract 💰
The ClapA consortium that includes the “Tawzea”, which is owned equally between Sisco (2190) and Amiantit (2160), has signed a contract with the National Water Company.The DeetsSisco and Amiantit announced that their subsidiary will manage, operate and maintain water and environmental treatment services in the northern sector of KSA.The contract is for SAR 400.16 million, including value-added tax, for a period of 7 years.ConsortiumThe consortium consists of 3 companies: Tawzea, Aqualia, and HACO. However, Tawzea owns 39% of the project company that will implement the contract.What NowThe financial impact of the project will be reflected in Q1 2023
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