Riyadh – Mubasher: Saudi Industrial Services Co. (SISCO) said it signed a purchase agreement on Monday to increase its stake in Kindasa Water Company from 60% to 65%.
The purchase amounts to SAR 15 million ($4 million), SISCO said in a filing to the Saudi Stock Exchange (Tadawul) on Tuesday, adding that it will self-finance the deal.
SISCO expects its net income to increase after this deal by around SAR 700,000, the company added.
