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Baazeem Trading Co. Announces Contract Sign Off with Kellogg Tolaram Noodles Egypt LLC
4051
BAAZEEM
-0.74
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1445/10/21 30/04/2024 15:33:47
| Element List | Explanation |
|---|---|
| Introduction | Baazeem Trading Company announces the Signing of a contract as of today 30/04/2024 with Kellogg Tolaram Noodles Egypt LLC, to be the exclusive distributor in Kingdom of Saudi Arabia for Key Accounts, Supermarkets, Mini markets, Wholesales and Discounter customers of the food products that Kellogg Tolaram Noodles Egypt LLC manufactures |
| Date of Announcement of the Award | 2024-04-30 Corresponding to 1445-10-21 |
| Contract Subject Matter | Distribution of food products |
| The Entity with Which the Contract was Signed | Kellogg Tolaram Noodles Egypt LLC |
| Date of Signing the Contract | 2024-04-30 Corresponding to 1445-10-21 |
| Contract Value | 20 million SAR per year |
| Contract Details | Based on this contract, Baazeem Trading Company will distribute the food products of Kellogg Tolaram Noodles Egypt LLC. Those products will be available to consumers in the exclusive sales channels that Baazeem Trading Company deals with. |
| Contract Duration | 3 Years |
| Financial Impact and the Relevant Period | The company expects its sales to increase by 20 million SAR annually, and the financial impact of this is expected to start at the end of the third quarter of the fiscal year 2024. |
| Related Parties | There are no related parties |
| Additional Information | Nothing |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 67.2
Net Change -0.5 (-0.74%)
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