On June 7, 2026, Miahona Company announced the signing of a Sale and Purchase Agreement to acquire a 100% equity stake in Sha's Water Services ltd. Company from Al Manhal Water Factory Company Limited, an affiliate of Nestle Waters SAS. The transaction is valued at SAR 95,010,990, with potential to increase up to SAR 102,710,990 based on specific financial targets from Sha's Water Services' 2025 audited results. The acquisition will be funded through Miahona's internal sources and available financing facilities, and aims to expand the company's water distribution business in Riyadh across commercial, residential, and industrial customer segments. The transaction remains subject to regulatory approvals from the General Authority for Competition and other required authorities before completion.

Original announcement:

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