On July 9, 2026, Alkhorayef Water and Power Technologies Company announced the award of a contract with the Saudi Irrigation Organization valued at SAR 65,587,500.00 (excluding VAT). The contract covers the operation and maintenance of treated water and groundwater pumping, transmission, and distribution systems in the Central Sector of Riyadh City, its suburbs, and Al-Aflaj Governorate, with a duration of 60 months. The financial impact of the project is expected to be reflected during the third quarter of 2026, with the company to provide further updates upon receipt of the final signed agreement.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.