Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a contract by the National Water Company (NWC) at a value of SAR 228.16 million.

Under the 60-month agreement, the Saudi listed firm will handle the operation and maintenance services for the water sector in Jeddah, according to a bourse disclosure on Monday.

Alkhorayef Water expected that the contract will reflect on its financials in the third quarter (Q3) of 2022.

Meanwhile, the operation and maintenance service provider pointed out that it will disclose further developments regarding the agreement once available.

Last April, Alkhorayef Water sealed a SAR 195.85 million deal with NWC to operate and maintain works related to King Abdullah bin Abdulaziz Project for Zamzam Water in Makkah.