RIYADH: Saudi Naqi Water Co. has signed an agreement to sell and export its products to Oman as it seeks to expand its footprint in the region.
This comes as an extension to the water producer’s plans to reach the largest customer base inside and outside the Kingdom, according to a bourse filing.
With existing operations in Bahrain and Kuwait, the company is looking to export to the rest of the Gulf Cooperation Council countries in the coming period.
Most recently, Naqi Water reported a first-half profit drop of 20 percent to SR31 million ($8 million) in its first financial results post listing on the Saudi Exchange.
It listed a 30 percent stake, representing six million shares, on the Kingdom’s main stock index TASI.
