IssuerAnnouncementDetailsV2Portlet
Actions
Naqi Water Co. Announces Signing a contract to initiate the project to construct poultry houses at Naqi poultry sector
| Element List | Explanation |
|---|---|
| Introduction | Naqi Water Company announces signing of a contract for the construction of new poultry houses as part of its poultry sector expansion plan. The contract includes the construction works for the preparation of infrastructure, structures, and poultry houses buildings. These constructions are to be operated in line with modern quality standards and the latest technology utilized in the table egg production sector. This is part of the company's continuous efforts to develop its projects, expand its operations, and increase its production capacity. The project has been designed and planned to construct breeding and production barns, aiming to increase the poultry sector's capacity by 450% compared to its current capacity. This will enable an increase in production to approximately 165,000,000 eggs annually, in line with the overall expansion plan for poultry sector. The project will be implemented in two phases, allowing the first phase to be operational before the entire project is completed, thus enhancing operational efficiency during the first year |
| Project Start Date | 22-12-2024 |
| Project Cost | 12,312,927 SAR |
| Financing method for the project | The contract is to be financed internally by Naqi Water without any external funding. |
| Expected completion date of the project | 21-09-2025 |
| Expected Financial Impact of the Project on the Company’s Results | The financial impact of this contract is expected to commence in the fourth quarter of 2025. |
| The Start of the Expected Impact of the Project on the Company’s Results | The financial impact of this contract is expected to start during the fourth quarter of 2025. |
| Expected Date for the Pilot Production of the Project to Begin | Not applicable |
| Duration of the pilot production of the project | Not applicable |
| Expected date for the commercial production of the project | 01-11-2025 |
| Executing Party/Counter Party in the Project/Contract | Belad Al-Sham Cont.Co CR no: 1010173811 |
| Related Parties | There are no related party engaged in these contracts. |
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.
Share
Company Performance
Key Parameters
Last Price 57.0
Net Change -0.6 (-1.04%)
Value Traded (Sar) 837,994.1
Volume Traded 14,639
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions