BRIEF-Naqi Water To Buy 70% Stake In Ahali Najd Car Rental Company

NAQI

NAQI

2282.SA

0.00

July 1 (Reuters) - NAQI WATER COMPANY SJSC 2282.SE:

  • NAQI WATER COMPANY SJSC - TO BUY 70% STAKE IN AHALI NAJD CAR RENTAL COMPANY

  • NAQI WATER COMPANY SJSC - ACQUISITION AIMS TO STRENGTHEN GROWTH AND EXPAND BUSINESS OPERATIONS

  • NAQI WATER - ACQUISITION EXPECTED TO PROMOTE OPERATIONAL INTEGRATION AND SYNERGY BETWEEN TWO COMPANIES

  • NAQI WATER - TRANSACTION WILL BE FINANCED THROUGH CO'S INTERNAL RESOURCES, AVAILABLE CASH FLOWS WITHOUT NEED FOR EXTERNAL FINANCING

  • NAQI WATER - ACQUISITION IS EXPECTED TO PROMOTE OPERATIONAL INTEGRATION AND SYNERGY BETWEEN TWO COMPANIES

Source text: ID:nSSE18HRl4

Further company coverage: 2282.SE


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