Miahona Announces Achieving Financial Close for Al Haer Independent Sewage Treatment Plant (ISTP) Build, Own, Operate and Transfer (BOOT) Project

Element List	Explanation
Announcement Detail	In reference to Miahona IPO prospectus and the announcement dated 17/07/2024 corresponding to 11/1/1446H of Miahona Company regarding the inclusion of Power and Water Utility Company for Jubail and Yanbu (Marafiq) in the Al Haer Independent Sewage Treatment Plant (ISTP) Consortium led by Miahona. Miahona announces that the consortium has achieved Financial Close for Al Haer ISTP. The facilities agreements have been executed on 07/02/2025 after fulfilling all requirements and conditions with a group of financiers (BSF, APICORP and Riyad Bank). It is worth mentioning that the Project duration is 25 years and is at a cost of approximately 1.5 billion Saudi Riyals, excluding financing costs. Miahona’s stake in the Consortium is 45%. Al Haer ISTP will be developed on a Build, Own, Operate (BOOT) model basis with a treatment capacity of 200,000 m3/day. It will also include Treated Sewage Effluent Special Facilities (TSESF), consisting of an approximately 32 km-long Treated Sewage Effluent (TSE) transmission system with a capacity of 400,000 m3/day, a TSE Pumping Station, and TSE storage tanks with a capacity of 200,000 m3. It is worth noting that the goal of this project is to support and maximize the use of the treated sewage effluent in the Kingdom. The positive financial impact from the Project will appear on the Company's financial position starting from the date of financial close, which will be first quarter of 2025, and from Operations starting from December 2026, as planned.

Element List

Explanation

Announcement Detail

In reference to Miahona IPO prospectus and the announcement dated 17/07/2024 corresponding to 11/1/1446H of Miahona Company regarding the inclusion of Power and Water Utility Company for Jubail and Yanbu (Marafiq) in the Al Haer Independent Sewage Treatment Plant (ISTP) Consortium led by Miahona.

Miahona announces that the consortium has achieved Financial Close for Al Haer ISTP. The facilities agreements have been executed on 07/02/2025 after fulfilling all requirements and conditions with a group of financiers (BSF, APICORP and Riyad Bank).

It is worth mentioning that the Project duration is 25 years and is at a cost of approximately 1.5 billion Saudi Riyals, excluding financing costs. Miahona’s stake in the Consortium is 45%.

Al Haer ISTP will be developed on a Build, Own, Operate (BOOT) model basis with a treatment capacity of 200,000 m3/day. It will also include Treated Sewage Effluent Special Facilities (TSESF), consisting of an approximately 32 km-long Treated Sewage Effluent (TSE) transmission system with a capacity of 400,000 m3/day, a TSE Pumping Station, and TSE storage tanks with a capacity of 200,000 m3.

It is worth noting that the goal of this project is to support and maximize the use of the treated sewage effluent in the Kingdom.

The positive financial impact from the Project will appear on the Company's financial position starting from the date of financial close, which will be first quarter of 2025, and from Operations starting from December 2026, as planned.