{
    "schema_version": 1,
    "id": "sisco:1:351",
    "entry_id": 351,
    "channel": "news",
    "kind": "news",
    "language": "en",
    "slug": "kindasa-mawani-contract-extension-2024",
    "title": "SISCO Holding is pleased to announce the signing of a Contract between Kindasa Water Services and the Saudi Port Authority (Mawani)",
    "url": "https://sisco.uxpan.net/en/media/press/view/kindasa-mawani-contract-extension-2024/",
    "markdown_url": "https://sisco.uxpan.net/en/md/news/kindasa-mawani-contract-extension-2024.md",
    "raw_url": "https://sisco.uxpan.net/en/md/raw/news/kindasa-mawani-contract-extension-2024.json",
    "published_at": "2024-09-16T10:40:00+00:00",
    "updated_at": "2026-10-12T02:24:42+00:00",
    "publication_status": "public",
    "knowledge_approval": "not_assessed",
    "translations": [
        {
            "id": "sisco:1:352",
            "language": "ar",
            "url": "https://sisco.uxpan.net/ar/media/press/view/kindasa-mawani-contract-extension-2024/",
            "markdown_url": "https://sisco.uxpan.net/ar/md/news/kindasa-mawani-contract-extension-2024.md",
            "raw_url": "https://sisco.uxpan.net/ar/md/raw/news/kindasa-mawani-contract-extension-2024.json"
        }
    ],
    "source_revision": "8a2f5cf5ec79ce14071111b2247f5704199faa345470b15f1b7022a902476813",
    "representation": "rendered_public_components",
    "components": [
        {
            "type": "entry",
            "markdown": "# SISCO Holding is pleased to announce the signing of a Contract between Kindasa Water Services and the Saudi Port Authority (Mawani)\n\n[Original page](\u003Chttps://sisco.uxpan.net/en/media/press/view/kindasa-mawani-contract-extension-2024/\u003E)",
            "blocks": [
                {
                    "type": "heading",
                    "level": 1,
                    "text": "SISCO Holding is pleased to announce the signing of a Contract between Kindasa Water Services and the Saudi Port Authority (Mawani)"
                },
                {
                    "type": "p",
                    "markdown": "[Original page](\u003Chttps://sisco.uxpan.net/en/media/press/view/kindasa-mawani-contract-extension-2024/\u003E)"
                }
            ]
        },
        {
            "type": "news",
            "markdown": "2024-09-16\n\nSustained Infrastructure Holding Co. (SISCO Holding) is pleased to announce the signing of a Contract between Kindasa Water Services, one of SISCO’s consolidated portfolio companies in the water sector, in which SISCO owns a 65% equity stake, and the Saudi Port Authority (Mawani) to extend its lease in the Jeddah Islamic Port.\n\n\u003Ctable\u003E\u003Cthead\u003E\u003Ctr\u003E\u003Cth\u003EElement List\u003C/th\u003E\u003Cth\u003EExplanation\u003C/th\u003E\u003C/tr\u003E\u003C/thead\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd\u003EIntroduction\u003C/td\u003E\u003Ctd\u003EKindasa has extended its lease contract in Jeddah Islamic Port for a further 10 years until 2041.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EDate of Announcement of the Award\u003C/td\u003E\u003Ctd\u003E2024-09-15 Corresponding to 1446-03-12\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EContract Subject Matter\u003C/td\u003E\u003Ctd\u003EFurther lease Extension of 10 years for Kindasa in Jeddah Islamic Port\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EThe Entity with Which the Contract was Signed\u003C/td\u003E\u003Ctd\u003EJeddah Islamic Port\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EDate of Signing the Contract\u003C/td\u003E\u003Ctd\u003E2024-09-15 Corresponding to 1446-03-12\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EContract Value\u003C/td\u003E\u003Ctd\u003ENA\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EContract Details\u003C/td\u003E\u003Ctd\u003EKindasa announces the extension of its contract for its desalination site in Jeddah Islamic Port with Mawani until 2041. The current contract was expected to expire in 2032.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EContract Duration\u003C/td\u003E\u003Ctd\u003E10 years\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EFinancial Impact and the Relevant Period\u003C/td\u003E\u003Ctd\u003EThe extension of the lease is expected to reduce Kindasa’s annual depreciation charge which will have a positive impact on Kindasa’s financial statements.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003ERelated Parties\u003C/td\u003E\u003Ctd\u003EThere are no related parties\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EAdditional Information\u003C/td\u003E\u003Ctd\u003ENone\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EAttached Documents\u003C/td\u003E\u003Ctd\u003E\u003Ca href=\"https://www.saudiexchange.sa/Resources/fsPdf/7191_399_2024-09-16_07-13-12_en.pdf\"\u003E\u003C/a\u003E\u003C/td\u003E\u003C/tr\u003E\u003C/tbody\u003E\u003C/table\u003E\n\n- [7191_399_2024-09-16_07-13-12_en.pdf](\u003Chttps://www.saudiexchange.sa/Resources/fsPdf/7191_399_2024-09-16_07-13-12_en.pdf\u003E)",
            "blocks": [
                {
                    "type": "text",
                    "text": "2024-09-16"
                },
                {
                    "type": "p",
                    "markdown": "Sustained Infrastructure Holding Co. (SISCO Holding) is pleased to announce the signing of a Contract between Kindasa Water Services, one of SISCO’s consolidated portfolio companies in the water sector, in which SISCO owns a 65% equity stake, and the Saudi Port Authority (Mawani) to extend its lease in the Jeddah Islamic Port."
                },
                {
                    "type": "table",
                    "rows": [
                        [
                            {
                                "text": "Element List",
                                "header": true,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "Explanation",
                                "header": true,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Introduction",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "Kindasa has extended its lease contract in Jeddah Islamic Port for a further 10 years until 2041.",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Date of Announcement of the Award",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "2024-09-15 Corresponding to 1446-03-12",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Contract Subject Matter",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "Further lease Extension of 10 years for Kindasa in Jeddah Islamic Port",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "The Entity with Which the Contract was Signed",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "Jeddah Islamic Port",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Date of Signing the Contract",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "2024-09-15 Corresponding to 1446-03-12",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Contract Value",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "NA",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Contract Details",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "Kindasa announces the extension of its contract for its desalination site in Jeddah Islamic Port with Mawani until 2041. The current contract was expected to expire in 2032.",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Contract Duration",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "10 years",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Financial Impact and the Relevant Period",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "The extension of the lease is expected to reduce Kindasa’s annual depreciation charge which will have a positive impact on Kindasa’s financial statements.",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Related Parties",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "There are no related parties",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Additional Information",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "None",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ],
                        [
                            {
                                "text": "Attached Documents",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            },
                            {
                                "text": "",
                                "header": false,
                                "rowspan": 1,
                                "colspan": 1
                            }
                        ]
                    ]
                },
                {
                    "type": "li",
                    "markdown": "- [7191_399_2024-09-16_07-13-12_en.pdf](\u003Chttps://www.saudiexchange.sa/Resources/fsPdf/7191_399_2024-09-16_07-13-12_en.pdf\u003E)"
                }
            ]
        }
    ],
    "attachments": [
        {
            "url": "https://www.saudiexchange.sa/Resources/fsPdf/7191_399_2024-09-16_07-13-12_en.pdf",
            "label": "7191_399_2024-09-16_07-13-12_en.pdf",
            "format": "pdf"
        }
    ],
    "content_sha256": "41e9627b113960136e965afabef7beebc69e15b4a6d7bb003a4bb08e3a404e5f",
    "markdown": "# SISCO Holding is pleased to announce the signing of a Contract between Kindasa Water Services and the Saudi Port Authority (Mawani)\n\n[Original page](\u003Chttps://sisco.uxpan.net/en/media/press/view/kindasa-mawani-contract-extension-2024/\u003E)\n\n2024-09-16\n\nSustained Infrastructure Holding Co. (SISCO Holding) is pleased to announce the signing of a Contract between Kindasa Water Services, one of SISCO’s consolidated portfolio companies in the water sector, in which SISCO owns a 65% equity stake, and the Saudi Port Authority (Mawani) to extend its lease in the Jeddah Islamic Port.\n\n\u003Ctable\u003E\u003Cthead\u003E\u003Ctr\u003E\u003Cth\u003EElement List\u003C/th\u003E\u003Cth\u003EExplanation\u003C/th\u003E\u003C/tr\u003E\u003C/thead\u003E\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd\u003EIntroduction\u003C/td\u003E\u003Ctd\u003EKindasa has extended its lease contract in Jeddah Islamic Port for a further 10 years until 2041.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EDate of Announcement of the Award\u003C/td\u003E\u003Ctd\u003E2024-09-15 Corresponding to 1446-03-12\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EContract Subject Matter\u003C/td\u003E\u003Ctd\u003EFurther lease Extension of 10 years for Kindasa in Jeddah Islamic Port\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EThe Entity with Which the Contract was Signed\u003C/td\u003E\u003Ctd\u003EJeddah Islamic Port\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EDate of Signing the Contract\u003C/td\u003E\u003Ctd\u003E2024-09-15 Corresponding to 1446-03-12\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EContract Value\u003C/td\u003E\u003Ctd\u003ENA\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EContract Details\u003C/td\u003E\u003Ctd\u003EKindasa announces the extension of its contract for its desalination site in Jeddah Islamic Port with Mawani until 2041. The current contract was expected to expire in 2032.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EContract Duration\u003C/td\u003E\u003Ctd\u003E10 years\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EFinancial Impact and the Relevant Period\u003C/td\u003E\u003Ctd\u003EThe extension of the lease is expected to reduce Kindasa’s annual depreciation charge which will have a positive impact on Kindasa’s financial statements.\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003ERelated Parties\u003C/td\u003E\u003Ctd\u003EThere are no related parties\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EAdditional Information\u003C/td\u003E\u003Ctd\u003ENone\u003C/td\u003E\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EAttached Documents\u003C/td\u003E\u003Ctd\u003E\u003Ca href=\"https://www.saudiexchange.sa/Resources/fsPdf/7191_399_2024-09-16_07-13-12_en.pdf\"\u003E\u003C/a\u003E\u003C/td\u003E\u003C/tr\u003E\u003C/tbody\u003E\u003C/table\u003E\n\n- [7191_399_2024-09-16_07-13-12_en.pdf](\u003Chttps://www.saudiexchange.sa/Resources/fsPdf/7191_399_2024-09-16_07-13-12_en.pdf\u003E)"
}