By Assil bin Talib
Riyadh-Mubasher: Miahona Co. plans to convert into a public joint stock company listed on the Saudi stock market to finance its expansions in the Saudi and GCC markets, said CEO Omar Al-Khudairi.
On the sidelines of Riyadh water and electricity forum, Al-Khudairi told Mubasher that the listing comes in line with the company's strategy that aims to expand in the kingdom and GCC region.
The company, which is a subsidiary of Acwa Holding, seeks to boost its investments to reach SAR 2 billion before the initial public offering, the CEO said.
"We call upon all factories in different sectors to use the processed water in their industries instead of desalinated water," he added.
Al-Khudairi also said the company plans to offer bids for the privatized assets.
Translated by Abdul Maguid Aboshahla
