2282 · 12/02/2024 08:05:06 · Announcement #78188 · View on Saudi Exchange

Naqi Water Company announces the signing of a contract for the purchase of egg-producing poultry.

Element ListExplanation
Introduction Naqi Water Company announces the signing of a contract for the purchase of egg-producing poultry
Transaction Details Naqi Water Company announces the signing of a contract for the purchase of egg-producing poultry with the Arab Poultry Company for the purpose of increasing the production capacity by 50% from the current production capacity. The contract aims to purchase a total of 43,000 birds, contributing to increase in production capacity, reaching a total annual production of approximately 40 million eggs.
Transaction Value The total value of the contract including VAT is 1,166,100 SAR
Transaction Terms Not applicable
Parties of the Transaction The Arab Poultry Company, ID / 4030076496

Naqi Water Company, ID / 1128189986 Transaction Funding Method The contract will be internally financed by the company without the need for any external fundingThe total value of the contract will be self-financed by Naqi Water without any external funding. Transaction Execution Date 2024-02-11 Corresponding to 1445-08-01 Description of the Business of the Asset forming the Subject Matter of the Transaction Producing table eggs Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction Not applicable Transaction reasons increasing the production capacity for eggs product. Expected Impact of the Transaction on the Company and Its Operations The financial impact of this contract on revenues is expected to begin in the first quarter of 2024 Related Parties There are no related parties in this transaction.

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