Naqi Water reaches full production capacity at table egg project

Full-capacity operations mark a key milestone in Naqi Water's expansion into the food sector

Naqi Water Co. said it commenced commercial production and sales from the new flock of its table egg project, according to a statement to Tadawul.

As a result, the project reached its full production capacity of 100% and doubled output to the previously announced target level following the completion of all required works.

The milestone supports the company's expansion strategy in the food sector, the statement added.

Production and commercial sales at full capacity are expected to have a positive impact on sales and revenue, with the financial effect likely to appear gradually in Naqi Water’s financial results over the coming reporting periods, subject to production rates and market demand.

The company reaffirmed its commitment to executing its strategic plans to grow its business, enhance operational efficiency and create greater value for shareholders.