Alkhorayef Water bags SAR 31.6 mln contract from National Water

07/12/2021 Argaam

Logo of Alkhorayef Water and Power Technologies Co.

Alkhorayef Water and Power Technologies Co. (AWPT) announced today, Dec. 7, winning a contract worth SAR 31.64 million from National Water Co., according to a bourse filing.

 

Under the contract, the company will perform the works related to the repair and maintenance of emergency network breakage in Riyadh city for 36 months.

 

There are no related parties to the contract, the company said.

 

Financial impact of the project is expected to take place starting Q1 2022.

 

Any future developments will be disclosed in due course, especially after receiving the final version of the agreement contract signed by all parties concerned.

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