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Al-Jouf Agricultural Development Co. (JADCO) Announces an update on the project of establishing a potato French Fries factory (starting the commissioning of the plant)
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement published on 24-12-2020 about The approval of the Board of Directors for the project of establishing a potato French Fries factory, and the announcements published on 05-08-2021 and 21-11-2022 which included the updates for the project. Al-Jouf Agricultural Development Co. pleased to announce starting of the commissioning of the plant at al-Jouf region. |
| Previous Announcement | Al-Jouf Agricultural Development Co. Announces an update on The decision of the Board of Directors of Al-Jouf Agricultural Development Company (JADCO) to approve the project of establishing a potato French Fries factory at its meeting on 23-12-2020 |
| Date of Previous Announcement on Tadawul's Website | 2022-11-21 Corresponding to 1444-04-27 |
| Percentage of fulfilled achievement | 90% of project works was achieved as planned |
| Event's Expected Completion Date | The starting date for commercial production and any other substantial update will be announced in due time. |
| Reasons for Exceeding the Announced End Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no change from the previous amount as previously announced. |
| Impact of the Delay on the Company's Financial Results | N/A |
| Attached Documents |  |
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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