Professional Documents
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Altaaqa Water
Altaaqa Water
50 - 10,000 m3/day
High efficiency
Built to last
• Altaaqa water is an engineering, manufacturing, contracting and service company in the field
of water and wastewater treatment.
• We are always focusing on environment to protect it by applying the most recent advanced
technology.
• Our Advanced Systems are efficient and cost effective.
• Optimum after Sales continues client services, system renovation and Staff Training.
• We have advanced systems for:-
1. Sea & Brackish water Reverse Osmosis Systems.
2. Municipal & Industrials Waste Water Systems.
3. Package Systems.
4. Odor Control.
5. Ultraviolet Systems.
6. Gas, liquid and Electrochlorination Systems.
7. Water Treatment Chemicals.
8. Pumping Station.
9. System Components Replacement.
2
ENERGY GROUP
Simple Operation
Energy Efficient
Rapid Deployment
150m3/day to 3,000m3/day
The plant was commissioned in October 2005. Later Petrorabigh has taken over the refinery and a novation
agreement has been entered by MUWDC with Aramco and Petrorabigh
The desalination plant was designed to produce 6,000 cm/d of potable water and 4,000 cm/d of process water
using multi-effect distillation (MED) technology provided by Aquatech, which also acts as the O&M partner to SETE
The cost of the project was SR 68mn financed by equity, shareholders subordinated debt 35% and bank loans 65%
The bank loan was supported by an assignment of Aramco payments. The Bank Loan interest was fixed for 10 years
at 5.56% p.a. The shareholders' loan was priced at 6.5% p.a.
Due to delay in uplifting the water by Aramco until October 2005, the project had a limited cash flow which was
funded by delaying some installments of the sub-ordinated loans. MUWDC has entered back-to-back contracts in
such a way that performance risk is passed through to EPC & OM contractors
Equity holders %
SETE Saudia 52.5%
Zahid Group 37.5%
Aquatech International Corporation 10.0%
4
ENERGY GROUP
Moya was a closed joint stock company incorporated in the Kingdom of Bahrain in 2008 with a
paid up share capital of USD 20 million
Company’s objective was to invest in attractive water projects. Until October 2015, Moya had two
operating subsidiaries - namely, Water and Environmental Services Company Limited (Moya
Bushnak) and Moya Holdings Asia Ltd. (Moya Asia)
Moya Bushnak was engaged in providing Engineering, Procurement and Construction (EPC),
design and consultancy services in the Saudi Arabian water sector. It was a wholly-owned
subsidiary of Moya’s until October 2015, when the Company sold it to a strategic buyer. The
company’s flagship project and Saudi Arabia’s first privately owned sea water reverse osmosis
desalination project (Kindasa) supplies desalinated water to the Industrial zones south of Jeddah
area
Zahid Group invested 20% of Moya’s capital through its subsidiary, Altaaqa for Alternative Solutions.
Currently, Altaaqa does not hold any interest in Moya