10 Days
Source:
الاقتصادية
Miyahana acquires water firm for 95M riyals
"Waterna," a Saudi company, signed an agreement to purchase all shares of Shass Water Services for 95 million SAR, with the possibility of increasing the amount to 102.7 million SAR contingent upon achieving specific financial targets for the 2025 fiscal year. The deal aims to support the growth strategy in the water distribution sector in Riyadh and to enhance the company's services in the industrial sector, with the transaction financed through its own resources and financing facilities. Waterna is considered one of the leading companies in water transmission and distribution, with a market value of 2.5 billion SAR. The Global Vision Investment Company owns 60% of its capital.
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