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Naqi Water Company announces the signing of a contract to acquire a lease for an industrial land located in the second industrial city of Riyadh that is owned by the Saudi Authority for Industrial Cities and Technology Zones (MODON).
| Element List | Explanation |
|---|---|
| Announcement Detail | Naqi Water Company announces the signing of a contract to acquire a lease for an industrial land located in the second industrial city of Riyadh. This land is owned by the Saudi Authority for Industrial Cities and Technology Zones (MODON). The acquisition contract, in collaboration with The Saudi Pump Spare Parts Company, entails the transfer of the lease to Naqi Water Company. Through this acquisition contract, Naqi Water Company will gain ownership of the lease, as well as the assets and constructions currently owned by the Saudi Pump Spare Parts Company and situated on the land. The financing for this transaction will be internally managed by Naqi Water Company, eliminating the need for any external funding. Related Parties: No related parties involved in this transaction. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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