Debt-to-Equity in New Projects Range from 80% to 20% -Sisco CEO Says

Muhammad Al-Modarres, CEO of Saudi Industrial Services Company (SISCO) said on Tuesday that the debt-to- equity in Buraidah, Tabuk and Al-Madinah stations’ projects is ranging from 80% to 20%.

The cost of the new projects is about SR3 billion and the company’s distribution policy is mainly associated to the financial performance, according to media reports.

“The involvement of the private sector in the development of infrastructure projects would have a positive impact on the company,” he added.

Saudi Industrial Services Company (SISCO) was established by a group of well-known prominent Saudi Businessmen, in 1988, as a publicly joint stock company, with the aim of developing and investing nationally, in industrial estate support services.

When the Saudi Exchange Market (Tadawul) was created, in 2003, SISCO was listed then on Tadawul.

SISCO is now considered one of the Kingdom’s most prominent companies, undertaking large-scale capital investment, in desalination plants, ports and container terminals, industrial estate development, bonded and re-export zones and other key projects.