| Element List | Explanation |
|---|---|
| Announcement Detail | Naqi Water Company announces that it has received a letter from one of its substantial shareholders (Seqa United Group), which owns 7,000,000 shares, representing 35% of the Company’s total shares. In the letter, the shareholder confirmed its full commitment not to sell, transfer, or otherwise dispose of its shares in any form, for a period of one (1) year starting from the date of the letter. |
This commitment reflects its keenness, in its capacity as a substantial shareholder, to support the stability of the ownership structure and to reinforce confidence in the Company’s strategy and expansion plans.
There is no financial impact on the Company as a result of this commitment.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.