Alkhorayef Announces Contract Award with National Water Co. for 45.35 mln

Alkhorayef Water and Power Technologies Company announced the contract award number 18 of the Repair and Maintenance of Emergency Network Breakage in Riyadh City contract by the National Water Company. The contract value is SR45,358,785.00.

The company indicated on Tadawul on Sunday that the financial impact of the project is expected to take place starting the 1st quarter of year 2022.

“We want to note to the shareholders that this contract is part of Repair and Maintenance of Emergency Network Breakage in Riyadh City package which includes this Contract No. 18 in addition to Contract No. 17 which was also awarded to Alkhorayef Water and Power Technologies Co. on 07.12.2021.”The company said.

The company will announce any future developments in this regard at the time, especially after receiving the final version of the agreement contract signed by all parties concerned, the company concluded.