Saudi Naqi water company signs agreement to sell, export products in Oman

Riyadh: The Saudi Naqi Water Company has announced that it has signed an agreement to sell and export its products in the Sultanate of Oman as it seeks to expand its footprint in the region.

In a notification sent to the Saudi Capital Market Authority said: “This comes as an extension to the water producer’s plans to  reach the largest customer base inside and outside the Kingdom, by exporting its products to the Gulf Cooperation Council countries.

The report stated that the company has achieved success in exporting its products in both the State of Kuwait and the Kingdom of Bahrain, and today the company continues to make progress and success through Signing an agreement to export its products in the Sultanate of Oman, in addition to continuing to work on exporting to the rest of the Gulf Cooperation Council countries in the coming period.

Most recently, Naqi Water reported a first-half profit drop of 20 percent to SR 31 million ($8 million) in its first financial results post listing on the Saudi Exchange

It listed a 30 percent stage, representing six million shares, on the Kingdom’s main stock index TASI.

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