Alkhorayef Water signs deals with NWC
- Date: 11-Feb-2022
- Source: Zawya
- Sector:Economy
- Country:Saudi Arabia
Alkhorayef Water signs deals with NWC
The first deal totals SAR 31.64 million and the second contract amounts to SAR 45.35 million, while they were awarded on 7 and 19 December 2021, respectively, according to a bourse filing on Thursday.
Both deals cover the repair and maintenance works of Riyadh’s emergency network breakage by NWC.
Alkhorayef Water said the contracts were signed on 8 February and carry a 36-month duration period.
The listed company added that the financial impact of the two agreements has started in the first quarter (Q1) of 2022.
Alkhorayef was earlier awarded a contract worth SAR 45 million by NWC.
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