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Our Water Gets Approval to Acquire Shas Water
The General Competition Authority approved the acquisition process of Ma'ayana Water Company over all shares of Shas Water Services Limited. This approval is an important step toward completing the deal, which remains contingent on remaining regulatory conditions and legal procedures. This effort is part of Ma'ayana Water Company's initiative to expand its presence in the water services sector within the Kingdom. The purchase agreement for the company was signed in June 2026, and the Authority's approval decision was issued in September of the same year. This supports the company's efforts to enhance its capabilities and reduce costs without financial delays.
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