Alkhorayef signs SAR 101.3 million contract to operate Khobar water networks

Alkhorayef Water and Power Technologies Company has announced the signing of a contract with the National Water Company to operate and maintain water and sewage networks in the city of Khobar, valued at SAR 101.32 million, excluding VAT.

The company stated that the contract will run for 36 months and was received after all parties completed the signing process on Tuesday, August 11, 2026.

Alkhorayef had previously announced the project award in July, noting that the financial impact of the contract is expected to appear in the company's results during the fourth quarter of 2026.