Naqi inks deal to buy 70% of Ahali Najd Car Rental

Navi Water Company has signed a memorandum of understanding to acquire a 70% stake in Ahali Najd Car Rental, aiming for expansion, diversification of activities, and enhancing growth opportunities. The memorandum is non-binding for Navi and is valid for 180 days, with the possibility of extension. The financial impact will be determined after final evaluation. The acquisition aims to improve operational efficiency and leverage the stable customer base and the company's reputation, with the deal financed through the company's own resources.

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