Alkhorayef Water bags SAR 49.5M contract from SWA

Alkhorayef Water and Power Technologies Co. was awarded a 36-month contract by the Saudi Water Authority (SWA) to operate and maintain Hameema water treatment plant in Hail.

The contract is worth SAR 49.5 million, excluding VAT, Alkhorayef Water said in a statement to Tadawul.

The relevant financial impact will likely appear in Q1 2025, the statement noted, adding that the deal included no related parties.

Alkhorayef said it will duly reveal the relevant updates, after receiving the final version of the contract upon signing.