| Introduction |
Tabuk Agricultural Development Company announces the signing of a contract for the production of the onion crop with East Asia Agricultural Development and Investment Company. It is worth noting that Tabuk Agricultural Development Company is a Saudi national company specializing in the cultivation and production of onions. |
| Date of Announcement of the Award |
2025-09-10 Corresponding to 1447-03-18 |
| Contract Subject Matter |
Onion production, sale and marketing contract |
| The Entity with Which the Contract was Signed |
East Asia Agricultural Development and Investment Company |
| Date of Signing the Contract |
2025-09-10 Corresponding to 1447-03-18 |
| Contract Value |
5,060,000 Saudi Riyals (five million and sixty thousand Saudi Riyals only) |
| Contract Details |
Both parties agreed that Tabuk Agricultural Development Company will produce the onion crop for East Asia Agricultural Development and Investment Company. |
| Contract Duration |
This contract comes into effect from the date of signature by both parties and will last for 10 months. |
| Financial Impact and the Relevant Period |
The contract is expected to have a positive financial impact on the company's financial results for the year 2026. |
| Related Parties |
East Asia Agricultural Development and Investment Company is considered a related party, as Tabuk Agricultural Development Company owns a 28.57% stake in its capital, and it is classified as an associate company. |
| Additional Information |
NONE |
