The resolution of the Council of Ministers No. 494 dated 5/8/1438H extended the scope of the work of the Company as the Principal Offtaker of water to include the purchase of desalinated, purification, treated and untreated water in addition to co- generation, and the Minister of Finance provides the credit support to the Company to support its financial solvency of the signing of long-term purchase contracts within the framework of the principles stated in the Council of Ministers Resolution No. (181) dated 9/6/1425H, in accordance with the terms and conditions set by the Minister of Finance, the transfer of ownership of the company in full to the Government, with the agreement on corporate governance and contracted projects.

The Ministry of Finance owns fully (100%) the Saudi Water Partnership Company and the Company’s capital is SR (100,000,000) One Hundred Million Saudi Riyals.

Earlier, following the Resolution 5/23 of Supreme Economic Council, the company was established as a Limited Liability Company (LLC) in 2003, where the main purpose of the establishment of the company was to purchase water and electricity from private sector projects and sale of water to Saline Water Conversion Corporation and electricity to Saudi Electricity Company.