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Wafrah for Industry and Development Co. Announces an update on Latest developments regarding the start of trail operation of the GEA Food Solutions contract
2100
WAFRAH
1.13
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1447/02/12 06/08/2025 09:25:25
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Wafrah for Industry and Development Company regarding the signing of a contract with GEA Food Solutions Company to manufacture and supply highly automated production lines for the processing and packaging of frozen and cooked meat and the announcement of the commencement of trial operations, Wafrah for Industry and Development Company would like to announce the completion of work related to the project and the commencement of commercial operations |
| Previous Announcement | Latest developments regarding the start of trail operation of the GEA Food Solutions contract |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-01-22 Corresponding to 1446-07-22 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The project work has been completed, and the production lines have started commercial operation |
| Reasons For The Delay on The Date of The Event Previously Announced | The slight delay to the recently announced date is due to the desire to achieve maximum automation by adding robots to be used in the final stages of packaging to further save on labor costs |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The cost of the robots added to the project amounted to 270,000 SAR |
| Delay consequences on the Company’s financial results | None |
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 18.83
Net Change 0.21 (+1.13%)
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