Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a contract worth SAR 31.64 million from the National Water Company on 7 December.
The listed company will be responsible for repairing and maintenance works of the emergency network in Riyadh, according to a bourse filing on Tuesday.
The contract duration is 36 months. Alkhorayef expected the financial impact of the deal to reflect on the income statements as of the first quarter (Q1) of 2022.
Last month, Alkhorayef was among consortiums that were awarded a total of SAR 579 million contracts from Saudi Arabia’s National Water Company.