Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a SAR 45.648 million operation and maintenance contract for water networks in Al-Baha region by the Saudi Ministry of Environment Water and Agriculture.

The company will conduct the operation and maintenance works for the water networks for 36 months, according to a bourse filing on Tuesday.

The company will register the project's financial impact during the fourth quarter (Q4) of 2021.

It is noteworthy to mention that during the first half (H1) of 2021, the company logged net profits after Zakat and tax worth SAR 48.64 million, down 15.6% from SAR 57.66 million in H1-20.