Naqi Water signs SAR 37.7M deal for new production line

06/07/2025 Argaam
Logo ofNaqi Water Co.

Logo of Naqi Water Co.

Naqi Water Co. signed a SAR 37.7 million (€8.5 million) contract with Middle East Factory for Machines Co. (MEMCO) to supply a new bottled water production line for its upcoming factory in Riyadh, the company said in a statement to Tadawul.

 

The deal is part of Naqi Water’s expansion strategy to establish a new facility in the capital and will be fully self-financed, the company added.

 

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The new production line is expected to boost the company’s capacity by about 700 million bottles annually under normal operating conditions. The financial impact is projected to appear in the fourth quarter of 2026.

 

MEMCO is a related party, Naqi noted, as one of its major shareholders owns a 50% stake in MEMCO and also holds 50% of SAQA Co., which owns 35% of Naqi.

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