| Element List | Explanation |
|---|---|
| Introduction | Naqi Water Company announces the signing of a Biological Assets Purchase Agreement (Layer Chicks), as part of the execution phases of the fully-owned Poultry Sector Project. This step comes in line with the Company’s strategy to expand and diversify its revenue sources, enhance operational readiness, and optimize the utilization of poultry houses, in accordance with the approved project execution plan. |
| Transaction Details | In line with Naqi Water Company’s strategy to develop the Poultry Sector Project, and in continuation of the previously announced execution phases for biological supply operations, the Company signed an agreement to purchase (230,000) Layer Chicks of the “Hy-Line” breed. This batch represents the second phase of the project’s biological supply plan. This batch is part of the ongoing execution and preparatory works for the project, completing the provision of flocks required for rearing stages up to commercial production upon completion of construction and operational activities. According to the project’s operational plans, this batch is expected to contribute an estimated production capacity exceeding 60 million table eggs per year, bringing the total targeted production capacity to approximately 120 million table eggs per year, which represents more than a fourfold increase compared to the production capacity at the date of project acquisition. |
| Transaction Amount | The contract value amounts to SAR 908,500, excluding Value Added Tax (VAT). |
| Transaction Conditions | Not applicable. |
| Parties of the Transaction | umahat albayad alkhalijiat alziraeia Company, Commercial Registration No. 1010488355. |
| Transaction Financing Method | The contract was self-financed by the Company without the need for any external financing. |
| Date of Entering Into The Transaction | 2025-11-26 Corresponding to 1447-06-05 |
| Description of Activity of The Asset Subject of The Transaction | Table Egg Production. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not applicable |
| Transaction reasons | Rearing layer chicks for table egg production. |
| Expected Impact of the Transaction on the Company and Its Operations | The financial impact of this phase is expected to start appearing during the second half of 2026. |
| Related Parties | No related parties. |
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