premargin

Element List	Explanation
Introduction	Naqi Water Company announces the signing of a contract for the purchase, supply, and installation of industrial elevators with Middle East Machinery Factory Limited (MEMCO). This is part of the company's efforts to enhance its operational efficiency and utilize storage spaces in the factory.
Transaction Details	The purpose of these elevators is to support the lifting and lowering of pallets for raw materials and finished products within the factory, contributing to improved operational performance and increasing the efficiency of internal movement of raw materials and finished products between different levels of the factory. This contract is part of the completion of the factory's preparations and aligns with the company's strategy to enhance its production infrastructure and develop its operational facilities, thereby supporting business growth and achieving the company's operational and strategic objectives.
Transaction Amount	(2,670,000) Saudi Riyals, excluding Value Added Tax
Transaction Conditions	Not applicable
Parties of the Transaction	Middle East Machinery Factory Limited (MEMCO) Naqi Water Company Transaction
Transaction Financing Method	The contract will be fully financed from the company's own resources without the need for external financing.
Date of Entering Into The Transaction	2026-01-11 Corresponding to 1447-07-22
Description of Activity of The Asset Subject of The Transaction	Industrial elevator machines
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	None
Transaction reasons	To support the factory with industrial elevators for lifting and lowering raw materials and finished products and to enhance internal movement efficiency between different levels of the factory.
Expected Impact of the Transaction on the Company and Its Operations	The financial impact of this phase is expected to begin appearing during the second half of 2026.
Related Parties	This contract is with a related party, as one of the major shareholders of Middle East Machinery Factory Limited owns (50%) of its capital, and also owns (50%) of Saqi United Group, which in turn owns (35%) of Naqi Water Company. The transaction has been approved in accordance with the company's approved policies and procedures for related parties, in compliance with relevant regulations and market rules. This disclosure is in accordance with the rules of the Capital Market Authority and the rules for offering securities and ongoing obligations related to transactions with related parties.

Naqi Water Company Announces the Signing of a Contract for the Purchase, Supply, and Installation of Industrial Elevators for Its Factory in Riyadh Worth 2,670,000 Saudi Riyals