Sustained Infrastructure Holding Co 2021 AR2
The report highlights Saudi Industrial Services Company's (SISCO) strategic and financial performance for the fiscal year 2021, achieving its highest-ever revenue of SAR 921.2 million, representing a 6.9% increase from the previous year. A key milestone was the completion of the strategic divestment of a 21.2% direct equity stake in Red Sea Gateway Terminal (RSGT) to the Public Investment Fund and COSCO Shipping Ports, generating gross proceeds of SAR 556.5 million. Additionally, SISCO launched its new five-year corporate strategy to accelerate growth and expand its logistics footprint, including the acquisition of Elite Group through its affiliate Green Dome Investments. The company also advanced its ESG journey by publishing its first ESG report and aligning its sustainability framework with the UN Sustainable Development Goals and Saudi Vision 2030.
Company: Sustained Infrastructure Holding Co
Sector: Transport & logistics
Country: Saudi Arabia
Year: 2021
Type: AR2
Pages: 93
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Sustained Infrastructure Holding Co
Annual Report
The report highlights Saudi Industrial Services Company's (SISCO) strategic and financial performance for the fiscal year 2021, achieving its highest-ever revenue of SAR 921.2 million, representing a 6.9% increase from the previous year. A key milestone was the completion of the strategic divestment of a 21.2% direct equity stake in Red Sea Gateway Terminal (RSGT) to the Public Investment Fund and COSCO Shipping Ports, generating gross proceeds of SAR 556.5 million. Additionally, SISCO launched its new five-year corporate strategy to accelerate growth and expand its logistics footprint, including the acquisition of Elite Group through its affiliate Green Dome Investments. The company also advanced its ESG journey by publishing its first ESG report and aligning its sustainability framework with the UN Sustainable Development Goals and Saudi Vision 2030.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available