Ash-sharqiyah Development Company announces the issuance of initial licenses for its operational projects described in the company's future plans and the maximum using of the grant land.
| Element List | Explanation |
|---|---|
| Announcement Detail | Referring to Supreme Order No. 4/1016 issued on 06/03/1406 AH and referring to ministers council Resolution No. 288 on 05/30/1440 AH and to the Ministry of Environment, Water and Agriculture Resolution No. 321450/1062/1441 AH dated 05/06/1441 AH, which includes ownership Ash-sharqiyah Development Company has an area of (72,178,700 square meters) - seventy-two million one hundred seventy-eight thousand seven hundred square meters - of the total land of the government grant presented to the company.
And accordingly, and in compliance with the governance regulations and the regulations of the Capital Market Authority, which state the necessity of disclosure and announcement of any important developments and events. The company would like to clarify to its esteemed shareholders that it is still following the phases of the grant land , and the company has started with technical studies according to the strategic and operational plan approved by the company’s board of directors in seeking to make the most of the company’s land in line with the Kingdom’s agricultural development strategy and policy in line with the Kingdom’s 2030 vision in sustainable development and providing food security Accordingly, the company obtained the following initial licenses from the Ministry of Environment, Water and Agriculture: - 1- Permit No. 160048 Hydroponics for vegetable production (hydroponic) 2- Permit No. 160049 Hydroponics for vegetable production and Aquaponics 3- Permit No. 160050 to provide marketing services on behalf of others 4- Permit No. 160077 breeding and producing broiler mothers and operating their hatcheries 5- Permit No. 160078 for raising poultry 6- Permit No. 160079 for egg production 7- Permit No. 160080 for the production of fresh poultry, rabbit and birds meat . The company’s board shall work on selecting specialized consultancy offices in all available investment fields and financing options for projects related to the above-mentioned licenses in addition to other possible investment opportunities to benefit from the land area to achieve the best future return for the company and its shareholders. God bless you |
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