Naqi Water Company announces the completion of approvals and registration to produce and sell bottled drinking water fortified with Vitamin D.

Naqi Water Company announces the completion of final approvals from the Saudi Food and Drug Authority and the completion of the registration procedures for the production and sale of bottled drinking water fortified with Vitamin D. The project of producing bottled drinking water fortified with Vitamin D began in 2019 before listing the company in TASI, and the necessary studies, research, and laboratory procedures were completed during 2022. Naqi Water Company has previously disclosed its commencement of the project in the prospectus for the company’s listing during the year 2022. This achievement signifies the company’s ongoing dedication to fulfilling its obligations towards its shareholders, as outlined in its strategic plan.

– The new product will be produced without the need for any external funding.

– The financial impact of the project is expected to start by the end of the second quarter and during the third and fourth quarters of the current year 2023.