Company Profile

Company overview

In accordance with the main and subsidiary Commercial Registrations, the Company activities consist of the following: Extension and maintenance of water lines between and within cities and construction of new networks, construction and repair of stations and main lines of water distribution, construction and repair of irrigation and watering canals, main water storage towers, drilling water wells, construction and repair of sewage stations and projects, and sewage networks and pumps, and construction of dams. Repair and maintenance of water pipes, pipelines, and water purification devices, and collection and purification of water, disposal of sewage, operation of networks and sewage treatment facilities, extension, maintenance and repair of oil and gas pipelines, drilling of water wells and extension of irrigation pipes, and management of construction projects. Retail sale of electrical equipment and supplies, sale of measurement and control devices, navigation equipment and devices, sale of water pumping equipment, retail sale of water purification equipment and supplies, and retail sale of electrical generators and supplies. Water transmission and distribution, construction and repair of roads and streets, sidewalks and road supplies, construction of electric power stations and converters, construction of port berths and marine constructions, cleaning of waterways, groundwater withdrawal and site drying, installation, maintenance and repair of solar energy networks, and energy efficiency project management activities.

Company History

Alkhorayef Water & Power Technologies is a Saudi closed joint stock company incorporated under Ministerial Resolution No. 359, dated 09/10/1441H (corresponding to 1 June 2020G), and registered under Commercial Registration No. 1010085982, dated 22/02/1412H (corresponding to 2 September 1991G) in in the city of Riyadh, Kingdom of Saudi Arabia The current share capital of the Company is two hundred and fifty million Saudi Riyals (SAR 250,000,000), consisting of twenty-five million (25,000,000) ordinary shares, with a fully paid nominal value of ten Saudi Riyals (SAR 10) per share The Company commenced its operations in 1985G as a business unit within Abdullah Ibrahim Alkhorayef Sons Company, a Saudi closed joint stock company registered under Commercial Registration No. 1010000878 dated 09/02/1434H (corresponding to 22 December 2012G), and then the Company was established as a limited liability company called Alkhorayef Maintenance and Operations registered in the city of Riyadh under Commercial Registration No. 1010085982, dated 22/02/1412H (corresponding to 2 September 1991G), with a capital of five million Saudi riyals (SAR 5,000,000) divided into five thousand (5,000) cash and in kind shares.

Company Bylaws

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Equity Profile

Investment limits

There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company's by law and the issued instructions by the related regulators and supervisory authorities.