SISCO: Kindasa conversion to joint stock company to boost expansions

Riyadh-Mubasher: Saudi Industrial Services Co. (SISCO) said the conversion of Kindasa Water Services Co. from a limited liability company to a  joint stock company will help Kindasa expand in the future and maintain its stability, according to SISCO’s statement to Tadawul.

The conversion does not have any impact on SISCO’s stake or its financial results, the statement added.

SISCO owns 60% of Kindasa’s capital reaching SAR 77.3 million.

Mubasher Contribution Time: 29-Feb-2016 14:46 (GMT)