SAMA Water signs SAR 1.3M contract for work on 2 production lines

Group 1 - The company SAMA Healthy Water Factory Co. has expanded its contract with Krones AG to include additional works for two new production lines [2][5] - The value of the additional works is set at EUR 300,000, equivalent to SAR 1.32 million [3] - The total project cost has increased to EUR 9.3 million, approximately SAR 41.05 million, due to the additional works [5][10] Group 2 - Payment for the additional works will consist of a 15% advance payment of EUR 45,000 (SAR 198,600) and the remaining 85% financed through a first-tier German bank [4] - The contract duration has been extended until the end of 2026, aligning with the expected delivery date [5] - The financial impact of the new production lines is anticipated to positively affect the company's financial results in H1 2027 [6] Group 3 - The new production lines will manufacture bottled water in various sizes, adhering to Saudi Arabian standards [9] - The original agreement signed in April with Krones AG was for the supply and installation of equipment for these production lines [8]