Alkhorayef Water bags SAR 34 mln operation, maintenance contract in Al-Qassim Province

12/09/2021 Argaam

Logo of Alkhorayef Water and Power Technologies Co.

Alkhorayef Water and Power Technologies Co. bagged operation and maintenance contract for Uglat Alsugoor and Dariyah governorates, as well as Al-Qassim Province’s villages and centers, from the Ministry of Environment, Water and Agriculture, according to a bourse filing.

 

The contract is valued at SAR 34 million, the statement added.

 

Alkhorayef Water said that it received the award on Sept. 11, indicating that the contract term is 36 months.

 

The financial impact of the contracts is expected to reflect during the third quarter of 2021.

 

The Saudi-listed firm will disclose any development in due course, especially after receiving the final contract signed by all concerned parties.

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