Naqi Water: Transactions with United Seqa above 1% of revenue

31/07/2025 Argaam
Logo ofNaqi Water Co.

Logo of Naqi Water Co.

Naqi Water Co. said that the ongoing and continuous transactions with United Seqa Group, a major shareholder/related party, exceeded a total value of 1% of the company’s total revenues, as per the latest audited annual financial statements.

 

The transactions involve the purchase of inputs for bottled drinking water production, specifically plastic bottle preforms and bottle caps, where the company continuously sources these materials from United Seqa and other suppliers, according to a statement to Tadawul.

 

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These deals were conducted within the context of ordinary business operations, under standard commercial terms, and without any preferential conditions, the statement added.

 

According to data available on Argaam, United Seqa owns seven million shares (35%) of Naqi Water’s capital, which stands at SAR 200 million. Naqi Water’s revenues reached SAR 219.34 million in 2024, meaning that transactions with United Seqa, which represent 1%, amounted to SAR 2.19 million during the same period.

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