Alkhorayef Water signs SAR 35.4 mln contract with NWC

Logo of Alkhorayef Water and Power Technologies Co.

Alkhorayef Water and Power Technologies Co.signed a contract with National Water Co. (NWC) for the operation and maintenance of an environmental service network with a central culvert in Madinah at a value of SAR 35.38 million, excluding value-added tax, the company said in a statement to Tadawul.

 

The firm will perform the works related to the contract for a period of 36 months.

 

The related financial impact of the contract will reflect from Q1 2023.

 

The agreement was received today, June 20, after all parties signed it, the statement said, adding there are no related parties in the contract.

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