Latest news with #AlkhorayefWaterandPowerTechnologiesCo
Argaam
06-05-2025
- Business
- Argaam
Alkhorayef Water wins SAR 85.95M contract with NWC
Logo of Alkhorayef Water and Power Technologies Co. (AWPT) Alkhorayef Water and Power Technologies Co. (AWPT) was awarded, on May 5, a contract for supply, installation, testing, and commissioning of pumps and variable frequency drives (VFDs) in Jazan Region, with National Water Co. (NWC), for SAR 85.95 million, not including VAT. For more news and details on the projects In a statement to Tadawul, the company said that the project will be executed within a period of 24 months. Financial impact as a result of the purchase order is expected to materialize during Q3 2025. The company will announce any future developments in this regard in due course, especially after receiving the final version of the contract agreement signed by all parties concerned, the statement added.
Zawya
18-03-2025
- Business
- Zawya
Saudi-listed Alkhorayef Water and Power Technologies boosts bank facility to $227mln
Alkhorayef Water and Power Technologies Co. (AWPT), a key player in water and wastewater infrastructure in Saudi Arabia, has signed an agreement with Saudi National Bank (SNB) to renew and increase its Sharia-compliant bank facility, the company announced. The financing has been expanded by 200 million Saudi riyals ($53.3 million), raising the total value of AWPT's credit facilities from SAR 650 million ($173.3 million) to SAR 850 million ($226.6 million). The facility is valid until 31 December 2025, the company said in a stock exchange statement. According to the stock exchange statement, the financing is intended for issuing letters of guarantee, letters of credit, and both long and short-term loans. AWPT also amended the collateral provided for the financing under a promissory note, increasing the guaranteed amount to SAR 935 million ($249.3 million), while all other terms and conditions remain unchanged. (Writing by SA Kader; Editing by Anoop Menon) (
Argaam
17-03-2025
- Business
- Argaam
Alkhorayef Water raises private financing from SNB to SAR 850M
Alkhorayef Water and Power Technologies Co. (AWPT) renewed and increased its Shariah-compliant banking facilities agreement with Saudi National Bank (SNB). The agreement facilitates the issuance of all types of guarantees, letters of credit, and both long-term and short-term loans, AWPT said today, March 17, in a statement to Tadawul. The company said the financing amount under the current credit facilities was raised by SAR 200 million to SAR 850 million from SAR 650 million. The guarantee for the financing was amended to a promissory note worth SAR 935 million, while all other terms remained unchanged. The financing period extends until Dec. 31, 2025, with promissory notes serving as collateral, the statement added.
