Naqi Water's SAR 4.9M Poultry Deal Funds Barn Expansion

Naqi Water Co. signed a contract on June 14 to buy poultry machinery and equipment from Germany's Big Dutchman for EUR 1.13 million (SAR 4.9 million). The purchase is part of the company's plan to expand production capacity by 50% through two new barns.

The contract is self-financed, with no external funding required, according to a statement on Tadawul. The equipment will automate the egg production cycle and product sorting, improving efficiency and supporting growth as market demand rises.

The deal equips the two new barns currently under development, helping Naqi Water reach its previously announced target production capacity. The expansion is expected to improve operating efficiency and strengthen the company's ability to meet demand, while supporting food security in Saudi Arabia.

The financial impact from the contract is expected to appear in the first half of 2027. No related parties are involved in the deal, the statement added.