Alkhorayef Group transfers 4.5% stake in AWPT to Alkhorayef Investment

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

Alkhorayef Water and Power Technologies Co. (AWPT) received a letter from Alkhorayef Group Co., a major shareholder, stating that a partial stake held by the latter in AWPT, representing 4.5% of its 51% stake, was transferred to Alkhorayef Investment Co., which is owned by Abdullah Ibrahim Alkhorayef Sons Co.

In a statement to Tadawul today, Feb. 15, the Saudi-listed company said the move did not result in any change in AWPT’s list of major shareholders, whereby Alkhorayef Group will remain one of the major shareholders.