Riyadh – Mubasher: Naqi Water Company has signed a contract with Germany-based Big Dutchman at a value of EUR 1.12 million for the purchase of machinery and equipment for the poultry sector.
The deal will be self-financed by the Saudi company without the need for any external financing, according to a bourse disclosure.
In line with the company's growth strategy, the transaction will support the expansion of the two new production poultry houses that had previously commenced implementation.
This will contribute to increasing production capacity using the latest technologies in table egg breeding and production to meet the growing demand in the market.
Meanwhile, the financial impact is expected to appear during the first half (H1) of 2027.
Naqi Water recently announced a series of developments regarding the construction of its new manufacturing facility in Riyadh.
