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Saudi's Alkhorayef Water pens $16.26m deal with Zakat authority

Saudi's Alkhorayef Water pens $16.26m deal with Zakat authority
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Updated 17 November 2021

Saudi's Alkhorayef Water pens $16.26m deal with Zakat authority

Saudi's Alkhorayef Water pens $16.26m deal with Zakat authority

RIYADH: Alkhorayef Water and Power Technologies Company has signed a SR 60.96 million ($16.2 million) contract with the Saudi Zakat Tax and Customs Authority.

Alkhorayef will take on the operation and maintenance works of water and wastewater treatment plants and their related services at all land ports of ¶¶Òõ¶ÌÊÓƵ, according to a bourse filing on Tuesday.

The financial impact of the contract has started to reflect positively on the income statements during the fourth quarter of 2021, the company said in a statement on Saudi Stock Market (Tadawul).