What is the duration of the contract?

The contract duration is 60 months (5 years).

When will the financial impact of the contract begin?

The financial impact is expected to start in the second quarter of 2026.

What is the scope of the contract?

It covers operation and cleaning of stormwater and surface water networks in the Airport sub-municipality in Jeddah.

Alkhorayef Wins SAR 93.6M Jeddah Water Contract

Alkhorayef Water & Power Technologies (2081) announced a SAR 93.6 million contract with Jeddah Amana for stormwater network operations, spanning 60 months with financial impact from Q2 2026.

June 21, 2026

2 min read

Source: Saudi Exchange via Sahm Platform

Key Numbers

contract value

93,592,356.02 SAR

duration months

Alkhorayef Water and Power Technologies Co. (2081) has signed a contract with Jeddah Amana Municipality to operate and clean stormwater and surface water networks in the Airport sub-municipality. The contract is valued at SAR 93,592,356.02 (excluding VAT) and has a duration of 60 months. Signed on June 16, 2026, the financial impact is expected to begin in the second quarter of 2026.

Contract Details

Counterparty: Jeddah Amana Municipality
Scope: Operation and cleaning of stormwater and surface water networks in Airport sub-municipality
Value: SAR 93.6 million (excl. VAT)
Duration: 60 months
Signing Date: June 16, 2026
Financial Impact Start: Q2 2026

Context

This contract aligns with Jeddah Amana's efforts to improve stormwater drainage infrastructure, particularly in key areas like King Abdulaziz Airport. It also strengthens Alkhorayef's portfolio in the water and wastewater sector.

What This Means for Investors

The new contract adds predictable revenue over five years, supporting cash flow stability. However, the company has not disclosed profit margins or execution risks.

Frequently Asked Questions

The contract is valued at SAR 93,592,356.02 excluding VAT.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.