Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company received six new blanket purchase agreements from the National Water Company (NWC) at a value of SAR 190.79 million.
The two entities signed the agreement on 3 July 2024 for 36 months, according to a bourse disclosure.
The deal is for the installation of new water and wastewater connections in six regions and sectors, including the Al Qassim Region, Hail Region, Jazan Region, and Eastern Region.
Meanwhile, the financial impact of the blanket purchase orders is expected to reflect on Alkhorayef Water’s statements during the third quarter (Q3) of 2024.
Last April, the two companies penned a long-term deal valued at SAR 1.72 billion.
