Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a contract worth SAR 34.23 million, excluding the value-added tax (VAT), with the National Water Company (NWC) on 28 November.

Alkhorayef Water will perform operation and maintenance works for water treatment plants in Medina for 36 months, according to a bourse disclosure.

The listed firm noted that the financial impact will likely reflect on the income statements during the first quarter (Q1) of 2023.

Alkhorayef Water has also won a SAR 35.38 million contract from NWC for a project in Medina this November.