Naqi Water to acquire key assets for poultry project at SAR 790,000

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This represents the first phase of the implementation plan for the company's poultry project, according to a statement to Tadawul.

The contract includes the purchase of 200,000 Hisex layer chicks, one of the top-producing breeds, marking the first phase of the project’s vital supply plan. The move is part of the ongoing implementation of the poultry project.

The deal aims to secure the flocks needed to start the breeding cycle, leading to commercial production once construction and operational works are completed. The production capacity resulting from this agreement is estimated at around 60 million eggs annually.

The contract will be self-financed by Naqi Water, and the agreement will contribute to gradually boosting the company's production capacity until it aligns with the announced strategic plans.

The company stated it has completed advanced stages of the project, including the purchase of modern machinery and equipment, as well as work on infrastructure and the construction of new poultry houses. Work is now underway to complete the remaining implementation stages to enhance the project’s operational efficiency.

Naqi Water expects the financial impact of this phase to start appearing in H1 2026. There are no related parties in the contract, it added.

The company stressed that this move is in line with its expansion strategy and income diversification efforts. It is also part of the previously announced execution stages of its wholly owned poultry project.