Business
Miahona Co Signs SPA To Buy 100% Equity Stake In Sha’s Water Services
Miahona Co Signs SPA To Buy 100% Equity Stake In Sha’s Water Services
About this update from Miahona Co.
Miahona Co SCJSC TADAWUL:2084:MIAHONA CO SCJSC - COMPANY SIGNS SPA TO BUY 100% EQUITY STAKE IN SHA’S WATER SERVICES LTD. COMPANY INCLUDING RELEVANT STAKE IN ITS AFFILIATESMIAHONA - ACQUISITION WILL BE FUNDED THROUGH MIAHONA CO’S INTERNAL SOURCES AND AVAILABLE FINANCING FACILITIESMIAHONA - TRANSACTION IS CURRENTLY VALUED AT SAR 95 MILLIONMIAHONA - TRANSACTION WILL ENTAIL CO’S GROWTH IN WATER DISTRIBUTION BUSINESS SPACE IN RIYADH ACROSS MULTIPLE CUSTOMERS SEGMENTS