Alkhorayef Signs SAR 85.9 Mln Contract With National Water Company

Alkhorayef Water and Power Technologies Co. announced on Tuesday that it had been awarded a contract by the National Water Company worth SAR 85.9 million, excluding value-added tax.

According to a statement on the Saudi Stock Exchange (Tadawul), the company will supply, install, test and operate pumps and variable frequency drives (VFDs) in the Jazan region over a 24-month period.

The company said the financial impact of the project is expected to be reflected in the third quarter of 2025