Alkhorayef Water and Power Technologies Company has recently announced two contract awards in collaboration with the National Water Company, totaling an aggregated value of SAR 214.79 million.
Zawya reports that the initial contract, valued at SAR 102.19 million, encompasses the maintenance of environmental services in Makkah for a span of 60 months, as indicated by bourse disclosures.
Simultaneously, the second agreement amounts to SAR 112.60 million with a duration of 36 months. This contract involves the execution of tasks related to the operation and maintenance of water in Dammam.
Both contracts will be reflected in Alkhorayef Water's financial statement during the first quarter (Q1) of 2024.
In November of the previous year, the Tadawul-listed firm unveiled a project contract award with a total value of SAR 87.18 million.
