| Element List | Explanation |
|---|---|
| Introduction | In reference to Miahona Co. announcement on 15/06/2025 regarding signing of a Memorandum of Understanding with The Ministry Of Investment, Industry And Trade of the Republic of Uzbekistan, and Uzsuvtaminot Joint Stock Company. Miahona Company announces that has achieved the signing of a Public-Private Partnership Agreement (PPPA) with Uzsuvtaminot in relation to the Water Treatment Plant of Zomin, located in Jizzakh region in 18/06/2026. The signed PPPA supports Miahona Company’s initial positioning in the water sector of the Republic of Uzbekistan, while ensuring long-term contractual revenues. |
| Previous Announcement | Miahona Co. Announces the latest developments regarding the signing of the Addendum to the Memorandum of Understanding with The Ministry Of Investment, Industry And Trade of the Republic of Uzbekistan, and Uzsuvtaminot Joint Stock Company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-06-15 Corresponding to 1446-12-19 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Signing of Public-Private Partnership Agreement for Enhancement, for Operation and Maintenance 25-year services on Zomin Water Treatment Plant having 50,000 m3/day treatment capacity in the Republic of Uzbekistan. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | The Zomin EOM Agreement signed with Uzsuvtaminot entails Enhancement Works and 25-year Operation and Maintenance services on the existing Zomin Water Treatment Plant, having a design treatment capacity of 50,000 m3/day. The Zomin EOM Agreement entry into force is subject to the issuance of the project-related Governmental Decree in accordance with applicable legislation, in the Republic of Uzbekistan. The total contract value is estimated at c. 105 million USD (equivalent to c. 395 million SAR). Final contract value is subject to the issuance of the aforementioned Governmental Decree. The financial impact is expected to have a positive reflection on the results upon the commencement of the operations which is expected in Q1 2027. Miahona continues to work on the rest of project pipeline outlined in the Addendum of the Development Agreement and will announce any material development in due course. |
Miahona Co. Announces the latest developments regarding the signed Addendum to the Memorandum of Understanding leading to the Contract Sign Off of a Public Private Partnership Agreement with Uzsuvtaminot Joint Stock Company
AI Summary
- Miahona Company signed a 25-year Public-Private Partnership Agreement (PPPA) with Uzsuvtaminot for the enhancement, operation, and maintenance of the Zomin Water Treatment Plant in Uzbekistan.
- The project has a design treatment capacity of 50,000 m3/day and an estimated total contract value of approximately $105 million USD (c. 395 million SAR).
- The agreement's entry into force is subject to a project-related Governmental Decree in Uzbekistan, with positive financial impact expected to begin upon the commencement of operations in Q1 2027.
