Alkhorayef Water awarded SAR 29 mln contract by NWC

26/01/2023 Argaam
Logo of Alkhorayef Water and Power Technologies Co.

Logo of Alkhorayef Water and Power Technologies Co.

Alkhorayef Water and Power Technologies Co. was awarded a contract worth SAR 28.98 million (exclusive of value-added tax) by National Water Co. (NWC), according to a statement to Tadawul.

 

Under the three-year contract, the company will perform the works related to the operation and maintenance of water projects in Hafar Al-Batin suburbs.

 

The utility added that the related financial impact is expected to reflect on its financial statements starting Q2 2023.

 

The company also said it will duly announce any future developments in this regard, especially after receiving the final agreement signed by all parties.

 

There are no related parties to the agreement, it noted.

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