Cisco CEO: Tawzea Share Ranges from 15 to 30% & in-progress business about SR3 Billion

Mohammed Al-Mudarres, CEO of Saudi Industrial Services Co. (SISCO), said that the share to be offered from Tawzea’s subsidiary in the parallel market (Nomu) will range between 15-30%, noting that the final decision has not yet been taken, pending the financial advisor’s study of the deal.

According to CNBC Arabia, Al-Mudarres noted that the company’s business under implementation amounts to about SR3 billion, noting that it has acquired about 40% of new government projects in the Saudi market.

Cisco announced the launch of a share of (Tawzea), which it owns fifty-fifty with Amiantit, in the parallel market (Nomu).