Alkhorayef Water gets 6 price-fixing contracts worth SAR 190.8M

04/07/2024 Argaam
Logo ofAlkhorayef Water and Power Technologies Co. (AWPT)

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

Alkhorayef Water and Power Technologies Co. (AWPT) received, on July 3, six price-fixing contracts from National Water Co. (NWC) to develop water networks and sewage treatment plants in six regions and sectors in the Kingdom for SAR 190.8 million, according to a statement to Tadawul.

 

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The 36-month contracts cover Al-Qassim, Hail, Jazan, and the Eastern, Northern, Southern, and Central regions. The relevant financial impact is likely to appear in Q3 2024, the statement added.

 

AWPT will announce any developments in due course, especially after receiving the final signed copy of the contract.

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