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Wafrah for Industry and Development Co. Announces Contract Sign Off with Ajwad U.T.C

WAFRAH 2100 2.38% 20.64 0.48
Element List Explanation
Introduction The modernization of the meat factory and the automation of manufacturing steps attracted major clients to Wafrah for Industry and Development Company. In its pursuit to optimize the production capacity of its factories, the company signed an agreement with Ajwad UTC – one of the leading catering companies and part of the group of suppliers to McDonald's restaurant chains – to manufacture and pack the marinated chicken breast product (tender) under the private brand (Ajwad), with the product to be delivered during the contract period.
Date of Announcement of the Award 2025-11-11 Corresponding to 1447-05-20
Contract Subject Matter Wafrah for Industry and Development Company manufactures and packages chilled chicken breast (tender) in 2.5 kg * 4 cardboard boxes under the Ajwad brand, exclusive to Ajwad Company.
The Entity with Which the Contract was Signed Ajwad U.T.C
Date of Signing the Contract 2025-11-11 Corresponding to 1447-05-20
Contract Value 18 million riyals / year
Contract Details Wafrah Company manufactures the product according to the agreed specifications and in accordance with successive purchase orders with a total value of not less than 18 million riyals per year.
Contract Duration One calendar year from the date of signing the contract, renewable automatically
Financial Impact and the Relevant Period The financial impact is expected to appear starting from the fourth quarter of 2025.
Related Parties None
Additional Information Mr. Mohamed Kamal Ahmed Al-Muzel, the Managing Director of the company, signed the contract on behalf of Wafrah for Industry and Development Company, and the Business Manager signed on behalf of Ajwad Company.

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