Alkhorayef to establish subsidiary limited liability Co. with Veolia Company of France

Alkhorayef Water and Power Technologies Co. announced on Monday the approval of the Board of Directors (BoD) on 24/10/2021 to establish a Subsidiary limited liability company, “Erwaa Water” Company (49%) owned by Alkhorayef Water and Power Technologies Co. and (51%) owned by Veolia Company of France.

Its registered office in Riyadh, with a capital of (500,000.00 Five Hundred Thousand Saudi Riyals), specialized in manage the operation and maintenance of water and environmental treatment services in Riyadh Region by raising the operational efficiency and technical knowledge, to upon obtaining the required approvals and licenses from the relevant authorities.

This trend comes in line with the company’s strategy, and any developments in this regard will be announced in due course.

This comes in reference to the announcement on September 19, 2021, which includes the announcement of the Alkhorayef Water and Power Technologies Co. to award the contract of the National Water Company to o the consortium of Alkhorayef Water and Power Technologies Co, and Veolia Company of France.