Alkhorayef Water awarded SAR 35.4 mln contract in Madinah with NWC

22/11/2022 Argaam

Alkhorayef Water awarded SAR 35.4 mln contract in Madinah with NWC

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

Alkhorayef Water and Power Technologies Co. (AWPT) won a contract worth SAR 35.4 million, exclusive of value-added tax (VAT), from National Water Co. (NWC) to operate and maintain environmental services network with central culvert in Madinah.

 

In a statement to Tadawul today, Nov. 22, AWPT said the agreement is valid for 36 months, with no related parties.

 

The relevant financial impact is set to appear in the first quarter of 2023. Any future developments in this regard will be announced in due course, especially after receiving the final draft of the contract when signed by all concerned parties, the utility noted.

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