Alkhorayef Water signs SAR 77 mln contracts with NWC

10/02/2022 Argaam

Logo of Alkhorayef Water and Power Technologies Co.

Alkhorayef Water and Power Technologies Co. (AWPT) signed two contract No. 17 and 18 with National Water Co. (NWC), at a value of SAR 31.64 million and SAR 45.36 million, respectively, for the repair and maintenance of emergency network breakage in Riyadh city, the firm said in a statement to Tadawul.

 

The company will perform repair and maintenance works for 36 months.

 

Alkhorayef also said it received the agreement today, Feb. 10, after being signed by all parties, and accordingly disclosed.

 

It added that the related financial impact started in the first quarter of 2022, noting that there are no related parties.

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