Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has been awarded a SAR 45.648 million operation and maintenance contract for water networks in Al-Baha region by the Saudi Ministry of Environment Water and Agriculture.

The company will conduct the operation and maintenance works for the water networks for 36 months, according to a bourse filing on Tuesday.

The company will register the project's financial impact during the fourth quarter (Q4) of 2021.

It is noteworthy to mention that during the first half (H1) of 2021, the company logged net profits after Zakat and tax worth SAR 48.64 million, down 15.6% from SAR 57.66 million in H1-20.

 

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.