| Introduction | In reference to the company announcement regarding the awarding of the contract dated 31/12/2025 corresponding to 11/07/1447H, Alkhorayef Water and Power Technologies Co. Announces the signing of Contract for “Operation (cleaning) of Rain Water Networks in sub-municipalities Al-Balad (BA), Al Jami’ah (JA) and Umm Al-Salam (US) - 19320”. |
| Date of Announcement of the Award | 2025-12-30 Corresponding to 1447-07-10 |
| Contract Subject Matter | Operation (cleaning) of Rain Water Networks in sub-municipalities Al-Balad (BA), Al Jami’ah (JA) and Umm Al-Salam (US) in Jeddah City |
| The Entity with Which the Contract was Signed | Jeddah Amana Municipality |
| Date of Signing the Contract | 2026-02-16 Corresponding to 1447-08-28 |
| Contract Value | 155,091,816.02 Saudi Riyal excluding VAT |
| Contract Details | Alkhorayef Water and Power Technologies Co. will carry out the operation (cleaning) of rainwater and surface water networks, closed canals and open canals. |
| Contract Duration | 60 Months |
| Financial Impact and the Relevant Period | The financial impact of this contract is expected in the Second quarter of year 2026. |
| Related Parties | N/A |
| Additional Information | Alkhorayef Water and Power Technologies Co. received the agreement today, Monday, 16/02/2026, corresponding to 28/08/1447H, after it was signed by all parties, so accordingly disclosed. |