Naqi Water Signs EUR 114,600 Contract Addendum
NAQI 2282.SA | 0.00 |
On June 25, 2026, Naqi Water Company announced the signing of an addendum to its previously disclosed EUR 900,000 contract with Middle East Machinery Factory Company Limited for machinery purchase, supply, and installation at its main factory production line. The addendum includes additional technical upgrades valued at EUR 114,600, aimed at improving operational efficiency and reducing plastic consumption in container production. Due to these additional works and modifications, the expected completion date has been extended to the first half of 2027. The transaction involves a related party, as both companies share common ownership through interconnected shareholding structures.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96391&anCat=1&cs=2282&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
