Alkhorayef Water signs SAR 40.7M contract to operate Hail’s sewage, water networks

19/12/2023 Argaam
Logo ofAlkhorayef Water and Power Technologies Co. (AWPT)

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

Alkhorayef Water and Power Technologies Co. (AWPT) signed a 36-month VAT-inclusive contract worth SAR 40.74 million to operate and maintain the sewage and water networks in the Hail region.

 

In a statement to Tadawul today, Dec. 19, the company said it expects the financial impact of the project to appear in the fourth quarter of 2023, noting that there are no related parties to the deal.

 

Alkhorayef Water received the signed contract on Dec. 18, the statement added.

 

In October, Alkhorayef Water was awarded the project, Argaam earlier reported.

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