Title :

Announcing the Resolutions of Board Meeting ASAFFA FOODS

Content :

The board of directors discussed the topics listed on the agenda in its meeting no. 4 held on 13/08/2026 and passed the following resolutions.

Sub : Decisions of the Board Meeting held on  Thursday August  13, 2026.

The un-audited Financial Statements for the first 1^st half ended 30^th June 2026 were approved by the Board of Directors of A’Saffa Foods SAOG in the meeting held on  August  13, 2026.

 

Performance Review

The Group recorded consolidated revenue of 32.252 million for the six months ended 30 June 2026, compared with 29.062 million for the corresponding period of 2025, representing an increase of 11%, primarily driven by improved market demand and higher sales volumes.

The Group reported a consolidated net profit of 2.932 million, compared with  3.563 million for the same period last year. The current period results include a gain of  696,094 arising from the disposal of the Group’s investment in A’Namaa Poultry , which had previously been fully impaired in the Group’s financial statements. Despite the increase in revenue, profitability was affected by higher feed and packaging material costs resulting from the challenging geopolitical environment during the period.

We are  pleased to report that the Company’s production expansion project has been successfully completed, commissioned and brought into commercial operation. The expansion has increased A’Saffa’s annual broiler production capacity to 60 million birds, representing another significant milestone in the Company’s long-term growth strategy. This strategic investment will enhance production capacity, improve operational efficiency, strengthen food security, and support sustainable growth and long-term value creation for shareholders.

 

Kind Regards,,

 

 

 

 

 

Muhammad Rafique Chaudhry        

  Chief Executive Officer

 

 

*Board meeting resolutions have to be disclosed one hour, at least, before the beginning of the next day trading session.