Alkhorayef Water and Power Technologies Co. Announces Contract Award with National Water Company

AI Summary

Alkhorayef Water and Power Technologies Company was awarded a SAR 101.32 million contract (excluding VAT) by the National Water Company.
The contract covers the operation and maintenance of water and wastewater networks in Al Khobar City over a 36-month period.
Financial impact from the project is expected to begin during the fourth quarter of 2026.
The award date for the contract is July 14, 2026.

Element List	Explanation
Introduction	Alkhorayef Water and Power Technologies Company Announces the Award of the Operation and Maintenance Contract for Water and Wastewater Networks in Al Khobar City
Date of the Award	2026-07-14 Corresponding to 1448-01-29
Counterparty	National Water Company
Contract Value	101,320,560.00 Saudi Riyal excluding VAT
Contract Details	Alkhorayef Water and Power Technologies Co. will perform the Operation and Maintenance Contract for Water and Wastewater Networks in Al Khobar City within 36 Months.
Related Parties	N/A
Additional Information	Financial impact resulting from the project is expected to take place during the fourth quarter of 2026, The company will announce any future developments in this regard at the appropriate time, especially after receiving the final version of the agreement signed by all concerned parties.