Here’s why Worley (ASX:WOR) is in the news today

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 Here’s why Worley (ASX:WOR) is in the news today
Image source: © Joeppoulssen | Megapixl.com

Highlights

  • Worley Limited has been awarded a Framework Bridging Agreement for services in Saudi Arabia.
  • The agreement has been awarded by ENOWA.
  • Worley shares closed a tad down on the ASX today (28 November).

Energy giant Worley Limited (ASX:WOR) shared on 28 November 2022 that ENOWA (NEOM’s Energy & Water subsidiary) has bestowed a Framework Bridging Agreement upon Worley. The deal is for getting Worley’s services in Saudi Arabia.

Worley informed that ENOWA is preparing to make a natural supply and distribution of water and energy throughout the NEOM region.

Meanwhile, the shares of Worley closed 0.958% lower at AU$14.470 apiece on the ASX today. The company’s market capitalisation stood at AU$7.67 billion as of 28 November 2022.

The share price performance of Worley Limited on the ASX:

In the last five trading days on the ASX, Worley shares have shed 1.17%. in the last one month, the shares have gained 18.08% on the ASX. In the past six months, the stock has shed 8.48% on the ASX while, in the last one year, the shares have gained 9.18% on the ASX. On a year-to-date basis, the shares have moved up by 4.47% on the ASX (as of 4:10 PM AEDT, 28 November 2022).

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