In a strategic move aimed at strengthening its position in the Saudi food sector and diversifying its sources of income, Naqi Water Company, listed on the Saudi Stock Exchange “Tadawul”, announced the signing of an important agreement to purchase vital assets represented by 230,000 laying chicks of the global “Hybrid Line” breed.
According to the company’s official statement issued yesterday, this agreement was concluded with the Gulf Laying Mothers Agricultural Company, and comes as part of the second phase of the executive plan for the ambitious poultry sector project wholly owned by “Naqi” in the Qassim region, which is known as the Kingdom’s food basket.
Supporting the expansion strategy and food security
This deal is directly in line with Naqi's expansion strategy, which is not limited to growth in the water sector, but extends to other vital sectors that serve the goals of the Kingdom's Vision 2030. The poultry and table egg production sector is a key pillar in achieving national food security and reducing dependence on imports, which the Saudi government seeks to strongly support and encourage.
The company explained that this step aims to make full use of the modern breeding facilities in the project, and to provide the necessary herds to start breeding cycles in an integrated manner, in preparation for reaching the stage of commercial production as soon as all the construction and operational work of the project is completed.
Significant economic and productive impact
This agreement is expected to have a significant production impact, adding over 60 million eggs annually to the project's production capacity. By adding this quantity to the first phase, the project's total production capacity will increase to approximately 120 million eggs per year. This figure represents a substantial leap, quadrupling the project's production capacity when it was acquired by Naqi Company, reflecting the significant development and investment the company is making in this vital sector.
The total value of the transaction reached SAR 908,500, and the company confirmed that it will finance it entirely from its own resources without requiring any external financing, demonstrating the strength of its financial position. Naqi expects the financial impact of this phase to begin reflecting in its financial results during the second half of 2026, with the commencement of actual production cycles.
