Alkhorayef Water shares record highest close since listing

Logo of Alkhorayef Water and Power Technologies Co. (AWPT)

Shares of Alkhorayef Water and Power Technologies Co. (AWPT) rose 2% today, Nov. 17, to SAR 142 — its highest close since listing, with a trading volume of nearly 106,200 shares. 

The stock recorded its highest price of SAR 142.20 during today’s session.

Established in 1991, AWPT was listed on the Saudi Exchange (Tadawul) in March 2021 and made no changes to its capital since then.

The company's key activities are represented in the water sector, along with sewage and integrated water solutions.

AWPT is engaged in extending water lines between and within cities, establishing and maintaining new networks, constructing and repairing stations and main water distribution lines as well as irrigation, watering canals and main water storage towers. Besides digging and maintaining water wells, the firm is involved in constructing and repairing sewage projects, networks and pumps, along with building dams.