Mubasher TV
Contact Us Advertising   العربية

Alkhorayef Water and Power Technologies Co. Announces Contract Award with National Water Company and Receipt of 9 New Blanket Purchase Agreements.

Default Company 2081.B 0.00% 0.00 0.00
Element List Explanation
Introduction Alkhorayef Water and Power Technologies Co. Announces the Receipt of 9 New Blanket Purchase Agreements from National Water Company for Installation of New Water and Waste Water Connections in 9 Regions and Sectors.
Date of the Award 2021-07-07 Corresponding to 1442-11-27
Contract Value 316,605,905.00 Saudi Riyals
Contract Details Alkhorayef Water and Power Technologies Co. received 9 new blanket purchase agreements from National Water Company for installation of new water and waste water connections in “project’s” 9 regions and sectors which are Riyadh Region Riyadh City Sector, Riyadh Region South Sector, Riyadh Region North Sector, Al Madinah Region, Makkah Region Jeddah Sector, Eastern Region Central Sector, Al-Qassim Region, Hail Region and Tabuk Region. The new agreements extend for 36 months during which revenue related to the blanket purchase agreements for works performed will depend on the actual demand for new water and waste water connections by the end user and on the work allocations by the client National Water Company to Alkhorayef Water and Power Technologies.
Related Parties No related parties
Additional Information The blanket purchase agreements from National Water Company on 07/07/2021 and disclosure announced upon attending meeting called by client on 13/07/2021 to explain execution and award of works mechanism and to the conduct kick off meeting for the works, Financial impact as a result of the blanket purchase orders is expected to take place during third quarter of 2021.

This announcement comes from the company's commitment to disclose to the shareholders on material developments of company's business.

The company will announce any future developments in this regard at the time, especially after receiving the final version of the agreement’s contracts signed by all parties concerned.

Comments