Almunajem Foods Company announces a temporary suspension on one of its Poultry products categories.

-2.23 %
1443/10/29     30/05/2022 08:22:55

Element ListExplanation
Announcement Detail Almunajm Foods Company announces that a temporary suspension has been imposed by the Saudi Food and Drug Authority (SFDA) on one of its poultry products categories that the company imports from one of the countries as a result of bird flu discovered in some of its territories, within the framework of the periodic and continuous review by the SFDA of new developments related to food safety. Accordingly, the company has communicated with the SFDA, on Sunday 28  Shawwal 1443H corresponding to 29 May 2022, to clarify the procedures adopted by the supplier to ensure the products safety, in accordance with the standards applied in the food industry.

The company also assures that the supplier has provided the required documents declaring the safety of said products, and accordingly the SFDA has been kindly requested to lift the temporary suspension.

The company would like to clarify to its valued shareholders that it has a suffient stock of poultry products covering several weeks, and the financial impact of this event cannot be quantified presently as it depends to the date at which this temporary suspension might be lifted . We will keep you updated with any relevant developments in due time.

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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Key Parameters
Last Price 105.2
Net Change -2.4 (-2.23%)
Value Traded (Sar) 13,653,641.8
Volume Traded 129,360
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