Alkhorayef Water and Power Technologies Company: Comprehensive Performance and

Alkhorayef Water and Power Technologies Company was founded as part of the Saudi Alkhorayef Group, which began in 1957 under the initiative of businessman Abdullah Alkhorayef. Over time, the group expanded into vital sectors such as agriculture, industry, trade, and infrastructure. The establishment of Alkhorayef Water and Power Technologies responded to the growing demand for water and power solutions in the Kingdom, leveraging the group’s extensive experience and strong relationships with government entities and the private sector.

The company stands out by combining imports from top global suppliers (notably specialized German pump manufacturers), local manufacturing, and integration with design, installation, and maintenance services. Its operations have evolved to cover large-scale agricultural irrigation projects, pumping stations, sewage networks, and energy solutions related to water. Alkhorayef has become a key partner in national infrastructure projects, relying on a solid track record of executing government contracts and major projects across the Kingdom.

Alkhorayef Water and Power Technologies has a robust administrative and organizational structure, relying on accumulated leadership experience in managing large-scale projects. The company is listed on the Saudi Stock Exchange (Tadawul) under symbol 2081, with issued capital of approximately SAR 1.2 billion, distributed over about 12 million shares at a nominal value of SAR 10 per share.

This financial structure positions the company among mid-cap firms on Tadawul, providing a solid base for financing and growth. On the management side, Alkhorayef employs a team of engineers and technicians, with an executive management focused on business development, risk management, and strengthening relationships with local and international clients and partners. The management emphasizes sustainability, R&D, and the adoption of the latest water and power management technologies to ensure competitiveness in local and regional markets.

Alkhorayef Water and Power Technologies focuses on delivering a suite of integrated services and solutions in the following sectors:

1. Smart agricultural irrigation systems: Including the design, supply, and installation of advanced irrigation systems that help conserve water and improve crop yields.
2. Water and sewage pumps: Importing and distributing high-efficiency pumps from global suppliers, establishing pumping stations, and maintaining water and sewage networks.
3. Power solutions for industrial and water projects: Developing supporting energy projects, such as using solar energy for pumping, and providing electronic control systems to monitor energy and water consumption.
4. After-sales and maintenance services: Regular maintenance programs and training of local technicians to ensure ongoing system efficiency.

These solutions reinforce the company’s position as a strategic partner for both government and private sectors, meeting the requirements of rapid water security, agricultural, and industrial development projects in the Kingdom.

Alkhorayef Water and Power Technologies recorded significant financial growth during 2024 and 2025, driven by rising demand for water and sewage services, particularly with increased government contracts and Vision 2030 initiatives.

According to financial disclosures, the company’s revenues in 2024 reached approximately SAR 1,952,145,000, jumping to around SAR 2,473,951,000 in 2025, representing growth of over 26%. Net profit in 2024 was about SAR 150 million and continued to rise in the first half of 2025, despite higher operating expenses linked to project expansion and R&D investment.

Key financial indicators improved, with higher earnings per share (EPS), reduced debt expenses, and increased liquidity ratios. This positive financial performance enhances the company’s ability to pay dividends and sustain funding for future projects.

Alkhorayef Water and Power Technologies’ share (2081) has been listed on Tadawul for a few years and has attracted investor attention thanks to the company’s growing performance. At the end of October 2025, the share price was around SAR 137.20, raising the company’s market capitalization to approximately SAR 1.64 billion (assuming 12 million shares).

The price-to-earnings (P/E) ratio ranged between 13 and 17, reflecting a fair valuation for a company growing at solid rates in the infrastructure sector. The board recommended a cash dividend of SAR 1.5 per share for 2024, representing an annual yield of about 1.1%, which is reasonable given the modest bank interest rates.

The stock’s performance was competitive compared to the TASI index, especially with rising revenues and the signing of major government contracts. Trading volumes are moderate, with good liquidity allowing investors to enter and exit without sharp price fluctuations.

Saudi Arabia’s water and power sector is experiencing significant growth, driven by Vision 2030, which focuses on water security, infrastructure expansion, and investment in renewable energy. The government allocates substantial annual budgets to desalination, water and sewage networks, and modern irrigation solutions, creating broad opportunities for companies in this field.

Alkhorayef Water and Power Technologies benefits from these trends by executing contracts with major government entities such as the National Water Company and the Saudi Water Authority, as well as projects for municipalities and real estate developers. Competition in the sector is strong, with local players like Haji Omar, regional companies such as UAE-based Metito, and global firms in pumps and energy. Alkhorayef’s edge lies in its integrated solutions, product quality, and flexibility in executing projects nationwide.

In recent years, Alkhorayef Water and Power Technologies has secured several strategic contracts:

- A new desalination plant contract worth SAR 221 million with the National Water Company to expand industrial zone coverage.
- A SAR 52.2 million contract for operation and maintenance of sewage networks in the Jazan region, strengthening the company’s presence in long-term O&M projects.
- A SAR 58.8 million contract with the Saudi Water Authority for continued operation and maintenance of rainwater and groundwater networks, part of city flood protection projects.

These contracts underscore government confidence in the company’s capabilities, support revenue sustainability, and open doors to future projects in new regions of the Kingdom.

Alkhorayef Water and Power Technologies places great emphasis on innovation and the use of modern technologies in its products and services. During 2024–2025, the company invested in developing smart irrigation systems based on electronic controllers and advanced sensors, enabling water conservation and increased irrigation efficiency.

The company also introduced solar energy solutions to support water pumping operations and developed remote control systems for water and sewage networks in remote areas. Technical partnerships with leading German pump manufacturers enabled Alkhorayef to transfer technology and train local staff, enhancing its ability to provide advanced maintenance services and improve project quality.

Alkhorayef Water and Power Technologies enjoys promising opportunities amid rising demand for infrastructure projects and the shift toward smart solutions and renewable energy. Expanding seawater desalination projects, developing smart irrigation systems, and participating in flood mitigation initiatives are key areas for future growth.

Conversely, the company faces challenges such as global raw material price volatility, operating cost pressures, and relative reliance on government contracts. Rapid technological developments also pose ongoing challenges, requiring continuous R&D investment, alongside intense competition from local, regional, and global companies. Managing these opportunities and challenges demands strategic flexibility and high operational efficiency to maintain sustainable growth.

Alkhorayef Water and Power Technologies faces competition from several local, regional, and global companies. Key competitors in the Saudi market include:

- Haji Omar Sons Co.: A traditional player in agricultural irrigation solutions and equipment, with long-standing experience and extensive relationships with global suppliers.
- UAE-based Metito: Specializes in water desalination and sewage treatment projects, with a growing presence in Saudi Arabia.
- Global companies such as Grundfos (Denmark), Bentley/ABB/Siemens (energy and control solutions), which often supply equipment or participate in major projects in partnership with local firms.
- Medium and small contractors providing installation and maintenance services, but lacking the technical and engineering integration offered by Alkhorayef.

Alkhorayef’s advantage lies in its ability to deliver integrated solutions, after-sales service, and effective execution of nationwide projects.

Alkhorayef Water and Power Technologies recorded several pivotal developments in 2024 and 2025:

- Winning major government contracts in desalination and sewage network operations.
- Signing strategic partnerships with German companies for technology transfer and opening a new maintenance workshop in Riyadh.
- Announcing a recommendation to distribute cash dividends for 2024 at SAR 1.5 per share.
- Expanding smart irrigation projects and participating in green city initiatives.
- Launching community initiatives to support agricultural communities and participating in national water and energy exhibitions.

These developments highlight the company’s focus on sustainability, service expansion, technology localization, and their positive impact on financial performance and market position.

Alkhorayef Water and Power Technologies believes in the role of social responsibility in supporting local communities and promoting sustainable development. The company has launched free smart irrigation initiatives in selected villages and participated in events and exhibitions to raise awareness about water resource management.

Alkhorayef also runs training programs for Saudi engineers and technicians and supports the introduction of modern technologies in water and power fields. The company’s commitment to environmental sustainability is evident in developing solutions that reduce water wastage and energy consumption, as well as supporting national projects to protect cities from floods and regulate groundwater extraction.

Alkhorayef Water and Power Technologies aims to continue its growth through:

- Expanding in desalination projects and the use of renewable energy.
- Developing smart irrigation technologies and remote monitoring and control services.
- Increasing investment in R&D and localizing water and power-related industries.
- Strengthening local and international partnerships for technology transfer and workforce training.
- Participating in national and regional projects supporting Vision 2030 objectives.

The company leverages its strong track record and the trust of government and private clients, enabling it to secure new contracts and diversify its income sources, while maintaining sustainable growth in a changing competitive environment.