Pure Water: Start production, distribution and sale of table eggs from poultry project

Naqi Water Company announced today the start of production, distribution and sale of table eggs from the poultry project, indicating that the current revenues represent the beginning of the production process.

The company confirmed in a statement today on Tadawul that the financial impact of the project is expected to begin appearing during the fourth quarter of the current year 2023, indicating its commitment to its plan to increase production and sales capacity.

According to data available on Arqaam, last July, Naqi Water Company signed a contract to purchase a poultry project for egg production from the Abdullah bin Saleh bin Abdullah Al Bathhi Poultry Establishment, in the Qassim region, at a value of 7 million riyals.

The company had announced the signing of an agreement to supply 103,000 Lohmann egg-producing poultry, at a value of 2.4 million riyals, indicating that the supply agreement will contribute to utilizing the project’s current capacity to reach 85% compared to 42% when purchasing the project, and will also contribute to increasing Production capacity increased by 161% compared to the previous production capacity.