| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement published on the Tadawul website on April 30, 2025, by Sama Health Water Factory regarding the signing of a purchase agreement with the German company Kronz AG for the purchase and installation of equipment to establish two new production lines for manufacturing water bottles in different sizes, the company wishes to announce that an agreement was reached with Kronz AG on December 17, 2025, for an additional scope of work. This includes adding bottles of different sizes than those previously agreed upon, along with commissioning and installation of the equipment. The value of this additional scope is €300,000, equivalent to approximately SAR 1,324,125. This is in line with the company's efforts to enable its factory to produce water bottles in additional sizes, thereby increasing production capacity, meeting the growing demand for its products, adhering to the highest quality standards, and enhancing its competitiveness in the Saudi market. It is worth noting that the additional amount will be paid in the same manner as agreed upon in the original contract, as follows: a down payment of (15%) of the additional amount, amounting to €45,000, equivalent to approximately SAR 198,619. The remaining 85% of the additional amount, amounting to €255,000, equivalent to approximately SAR 1,125,506, will be paid through financing arranged by the company with a leading German bank. The bank will pay this amount directly to Kronz AG. The contract has been extended to the end of 2026 and concludes with the expected delivery date at the end of 2026. |
| Previous Announcement | Sama Health Water Factory Company announces the signing of a purchase agreement with the German company Kronz AG to supply and install equipment to establish two new production lines for manufacturing health water bottles in different sizes. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-04-30 Corresponding to 1446-11-02 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | An agreement was reached with the German company Kronz AG on December 17, 2025, for additional work, expanding the scope of the contract to include the manufacture and installation of additional packaging equipment in sizes different from those agreed upon, at a value of €300,000 (three hundred thousand euros), equivalent to approximately SAR 1,324,125 (one million three hundred twenty-four thousand one hundred twenty-five Saudi riyals). Payment will be made in the same manner as agreed upon in the original contract, as follows: an advance payment of 15% of the additional amount, in the amount of €45,000 (approximately SAR 198,619). The remaining 85% of the additional amount, totaling €255,000 (approximately SAR 1,125,506), will be repaid through financing arranged with a leading German bank. The bank will then pay the amount directly to Kronz AG. The contract has been extended until the end of 2026 and concludes with the expected delivery date at the end of 2026. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The costs were changed to become an amount of (9,300,000) euros, which is approximately equivalent to (41,047,875) forty-one million, forty-seven thousand, eight hundred and seventy-five Saudi riyals, due to the agreement on additional work to purchase and install additional packaging equipment of a different size than agreed upon, at a value of (300,000) three hundred thousand euros, which is approximately equivalent to (1,324,125) one million, three hundred and twenty-four thousand, one hundred and twenty-five Saudi riyals. |
| Additional Information | The company would like to note that the positive financial impact of the added production lines is expected to be reflected in the financial results during the first half of 2027, due to the extension of the contract period for the additional work. The company will disclose any updates or financial impacts related to this matter in due course. |