Rawasi Albina signs SAR 23.7M contract with NWC

Rawasi Albina Investment Co. signed today, Feb. 20, a contract worth SAR 23.66 million (VAT inclusive) with National Water Co. (NWC), according to a Tadawul statement.

Under the 36-month contract, the company will undertake the water networks rehabilitation in Tabuk.

The relevant financial impact will likely appear from the first half of 2025 until 2027, the company said, adding that there are no related parties involved.

In January, Rawasi Albina won a project worth SAR 23.66 million, VAT inclusive, from NWC, according to data available with Argaam.