Saudi's Alkhorayef Water awarded agreements worth $84.53mln

The contract duration stands at 36 months

  
A Saudi trader casts a shadow as he monitors stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. Image used for illustrative purpose

A Saudi trader casts a shadow as he monitors stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020. Image used for illustrative purpose

REUTERS/Ahmed Yosri
Riyadh –  Alkhorayef Water and Power Technologies Company has been awarded nine agreements from the National Water Company at a total value of SAR 316.6 million, according to a bourse disclosure on Thursday.

The contract duration stands at 36 months from the date of awarding the agreements on 7 July 2021.

The financial impact of these deals will reflect on the income statements of the third quarter (Q3) of 2021.

Alkhorayef will install water connections across nine areas and districts in Saudi Arabia.

Earlier this month, the listed firm was awarded a contract worth SAR 131.6 million to implement maintenance and optimisation works for the stormwater and groundwater level reduction networks in South and East Jeddah.

Source: Mubasher

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