This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

Alkhorayef Water awarded $458m contract

  • The existing plants in this package are Al Hafuf STP 1, Al Oyun STP and Al Omran STP. This is in addition to the new one, Al Hafuf STP 2, Argaam reported.
  • The design and rehabilitation will be completed in two phases over 36 months from the contract date. Meanwhile, the O&M will be carried out over 15 years (180 months).

Riyadh, Saudi Arabia — Alkhorayef Water and Power Technologies Company (AWPT) has been awarded an operations and maintenance (O&M) contract by the National Water Company (NWC) for sewage treatment plants in Al-Ahsa city.

Under the contract valued at SAR 1.72 billion ($458 million), exclusive of VAT, AWPT will perform the design, rehabilitation, testing, commissioning, full operation, maintenance, and handover of three existing sewage treatment plans (STPs) and another new one in Al-Ahsa.

The existing plants in this package are Al Hafuf STP 1, Al Oyun STP and Al Omran STP. This is in addition to the new one, Al Hafuf STP 2, Argaam reported.

The design and rehabilitation will be completed in two phases over 36 months from the contract date. Meanwhile, the O&M will be carried out over 15 years (180 months), in conjunction with the commencement of rehabilitation work.

The total design treatment capacity of the plants is 457,500 m3/day, to be upgraded to 472,000 m3/day. This is the third-of-its-kind project to be awarded to AWPT.

The company will announce any relevant developments in due course, especially after receiving the final version of the contract signed by all parties concerned.

The relevant financial impact will start from Q3 2024, the statement said, noting that there are no related parties to the deal.