Alkhorayef Water and Power Technologies Wins Rainwater Networks Cleaning Contract in Saudi Arabia

01:37 AM EST, 12/31/2025 (MT Newswires) -- Alkhorayef Water and Power Technologies Co (SASE:2081) said Wednesday it secured a contract worth 155.1 million Saudi riyals from the Jeddah Amana Municipality. The Saudi water and wastewater management company will be in charge of cleaning the rainwater and surface water networks and open and closed canals in the sub-municipalities of Al-Balad, Al Jami'ah, and Umm Al-Salam in Jeddah, Saudi Arabia. The contract will run for 60 months, with financial impact expected to be realized in the second quarter of 2026.