09:47 AM EST, 11/02/2026 (MT Newswires) -- Miahona (SASE:2084) acquired Saudi water distribution and production company Sha's Water Services, making it a wholly owned subsidiary. Under the initial sale and purchase agreement, the Saudi water and wastewater infrastructure company will pay a consideration of 95 million Saudi riyals and an additional earn-out payment of up to 7.7 million riyals, subject to the performance of Sha's Water Services and its affiliates. Completion of the acquisition follows the regulatory approval of the share ownership transfer and notarization of the amended bylaws.

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