"Tabuk Agricultural Development Company" announces that it has signed a contract with "Wafrah for Industry and Development company" for the purpose of selling Tabuk Agri. co. its product of industrial potatoes to Wafrah Co., knowing that Tabuk Agricultural Development Company is one of the Saudi national companies specialized in the cultivation and production of industrial potatoes.
Date of Announcement of the Award
2023-02-06 Corresponding to 1444-07-15
Contract Subject Matter
Tabuk Agricultural Development Company sells industrial potatoes to Wafrah for Industry and Development Company
The Entity with Which the Contract was Signed
Wafrah for Industry and Development company
Date of Signing the Contract
2023-02-06 Corresponding to 1444-07-15
Contract Value
16,120,000 Saudi Riyals (only sixteen million one hundred and twenty thousand Saudi Riyals) not including transportation costs and value-added tax
Contract Details
The two parties agreed that Tabuk Agricultural Development Company would supply Wafrah for Industry and Development Company with quantities of its industrial potato product according to the supply schedule agreed upon in the contract. This contract will be a continuation of the dealings between the two companies in various fields.
Contract Duration
The implementation of the contract starts from the date of signing it by both parties and is valid until 31/03/2025
Financial Impact and the Relevant Period
The positive financial impact on the company's financial statements is expected to appear on the fourth quarter of 2024 AD and the first quarter of 2025 AD.
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