IssuerAnnouncementDetailsV2Portlet
Alkhorayef Water and Power Technologies Co. announces the approval of its Board of Directors to establish a limited liability company.
Element List | Explanation |
---|---|
Announcement Detail | Alkhorayef Water and Power Technologies Co. pleased to announce the approval of the Board of Directors on Wednesday 04 October 2023 to establish a limited liability company based in Riyadh with the name (Package 5 Development Company for Environmental Services) to be the "Project Company" incorporated by AWPT (the Sponsor) for the purpose of undertaking the LTOM Package 5 – Manfouha Project, with a capital of (100,000) one hundred thousand riyals, wholly owned by Alkhorayef Water and Power Technologies Company (100%). There are no related parties, and any financial impact or any developments in this regard will be announced in due course. |
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.