FLC fluence corporation limited

I was weary when Hassam Allam aquired, i thought it was...

  1. 730 Posts.
    lightbulb Created with Sketch. 46
    I was weary when Hassam Allam aquired, i thought it was BioWorks, that they'd start adopting their tech but on review they don't have any desal technology and their sewerage treatment is adequately different not to worry about. Their relationship seems to be as strong as ever with this being the third contract. Most notably the $20 million New Mansoura Desal.

    "In October 2018 the Group formed a new entity The International Company for Water Services and Infrastructure
    S.A.E. in Egypt to supply the desalination plants to projects owned by the Egyptian Ministry of Housing. The Group
    holds 75% share in this entity."

    Does anyone know who owns the other 25%?

    Going off the coloured in map Mauritania must have been who put that order in for the emergency 5 Nirobox but as mentioned I can't find any mention of this deal being completed. Just on ASX reporting, if it was an announcement that they had won a contract shouldn't it be an announcement to say the deal has fallen through?
 
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Mkt cap ! $62.94M
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Last trade - 13.19pm 31/07/2025 (20 minute delay) ?
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