Naqi Water fuels regional expansion plans via new license

Naqi Water Company has obtained a license from the Saudi Food and Drug Authority (SFDA) authorizing the company to export table eggs to several international markets.

The license was granted after the company fulfilled all relevant regulatory requirements and standards.

The acquisition of this export license aligns with the company strategy to expand into regional and international markets, diversify sales channels, and enhance product competitiveness.

Naqi Water expects this development to support sales growth within its table egg sector and anticipates a positive impact on total revenues once export operations commence.

The scale of the financial impact will depend on the execution of expansion plans and the volume of demand in the targeted foreign markets. This move is intended to bolster the business growth and expansion opportunities for the company.

Earlier this month, the company penned a contract valued at SAR 17.57 million to establish an internal manufacturing facility for bottled water caps.