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Alkhorayef Water and Power Technologies Co. Announces the awarding of Contract for “Treated Water Reusing from Al Rass Sewage Treatment Plant” with Saudi Irrigation Organization
| Element List | Explanation |
|---|---|
| Introduction | Alkhorayef Water and Power Technologies Co. Announces the awarding of Contract for “Treated Water Reusing from Al Rass Sewage Treatment Plant” with Saudi Irrigation Organization |
| Date of the Award | 2025-04-17 Corresponding to 1446-10-19 |
| Counterparty | Saudi Irrigation Organization |
| Contract Value | 223,843,595.26 Saudi Riyal including VAT |
| Contract Details | Alkhorayef Water and Power Technologies Co. will undertake the Construction of Treated Water Reuse System for the Transmission and Distribution Water Supplies from Al Rass Sewage Treatment Plant (Phase One) for the irrigation of agricultural areas over 24 Calendar Months. |
| Related Parties | N/A |
| Additional Information | Financial impact as a result of the purchase order is expected to take place during third quarter of year 2025. The company will announce any future developments in this regard at the time, especially after receiving the final version of the contract agreement signed by all parties concerned. The contract award was received today, Thursday, 17/04/2025 (corresponding to 19/10/1446H), and was accordingly disclosed. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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