IssuerAnnouncementDetailsV2Portlet
Saudi Arabian Amiantit Co. announces signing a Memorandum of Understanding with The Ministry of Energy – Water Resources of the Syrian Arab Republic.
| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabia Amiantit Company announces the signing of a Memorandum of Understanding with the Ministry of Energy – Water Resources of the Syrian Arab Republic, which aims to cooperate in supporting the plans of the Government of the Syrian Arab Republic in the development of the infrastructure of the water and wastewater sector, and the modernization of critical facilities related to treatment, pumping, desalination and transmission lines. |
| Memorandum Signing Date | 2026-02-26 Corresponding to 1447-09-09 |
| Counterparty | The Ministry of Energy – Water Resources of the Syrian Arab Republic. |
| Memorandum Subject | Establish a non-binding cooperation framework for the design, construction and rehabilitation of water treatment plants, as well as the implementation of water transmission line and network projects, as well as the manufacture, supply and installation of piping systems. It also includes the preparation of technical and economic studies, providing ready-made solutions for remote areas, knowledge transfer and raising the efficiency of national cadres, and localizing the pipe industry within the Syrian Arab Republic. |
| Memorandum Duration | This MoU is valid for a calendar year from the date of signature. |
| Related Parties | No related parties. |
| Financial Impact | There is currently no financial impact resulting from the signing of this MoU, and any material financial impact will be disclosed in the event of concluding agreements or contracts in the future. |
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.