Alkhorayef Water, NWC seal SAR 61 mln deal

20/03/2023 Argaam

Alkhorayef Water, NWC seal SAR 61 mln deal

Logo of Alkhorayef Water and Power Technologies Co. (AWPT)

Alkhorayef Water and Power Technologies Co. (AWPT) sealed today, March 20, a SAR 60.8 million contract (VAT exclusive) with state-owned National Water Co. (NWC) for the operation and maintenance of phases one and two of the Madinah-based sewage treatment plants.

 

In a statement to Tadawul today, March 20, AWPT stated that the financial impact of the deal already began to be reflected as of Q1 2023.

 

In November 2022, AWPT announced the awarding of the aforementioned SAR 60.8 million contract (VAT exclusive), according to Argaam's data.

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