Alkhorayef Water lands SAR 40.7 mln contract to operate Hail’s sewage, water networks

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded on Oct. 19 a VAT-exclusive contract at a total value of SAR 40.74 million for the operation and maintenance of the sewage and water network in Hail region.

The company expects the financial impact of the 36-month contract to appear in the fourth quarter of 2023, according to a statement to Tadawul.

There are no related parties to the contract.

Any updates will be announced in due course, after the final copy of the contract is signed by all parties, Alkhorayef added.

Source : Argaam