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Arabian Mills Company for Food Products announces the signing of contracts related to its Strategic Expansion Projects.
| Element List | Explanation |
|---|---|
| Introduction | Arabian Mills Company for Food Products announces the signing of contracts with Bühler AG for its previously announced strategic expansion projects. The contracts include a contract for the supply of equipment for the milling projects, in addition to a supervision contract covering the execution of the milling projects in both Riyadh and Hail. The expansion and supervision projects include: - Establishing a new flour mill at the Riyadh branch with a production capacity of 800 tons per day. - Establishing a new feed mill at the Riyadh branch with a production capacity of 400 tons per day. - Upgrading the flour mill at the Hail branch with a production capacity of 150 tons per day. |
| Date of Announcement of the Award | 2026-03-03 Corresponding to 1447-09-14 |
| Contract Subject Matter | 1- Project Supply Contract for Mills Construction 2- Project Supervision Contract for Mills Construction |
| The Entity with Which the Contract was Signed | Bühler AG |
| Date of Signing the Contract | 2026-03-03 Corresponding to 1447-09-14 |
| Contract Value | 1- Project Supply Contract for Mills Construction: CHF 13,735,000 2- Project Supervision Contract for Mills Construction: SAR 5,428,155.4 |
| Contract Details | 1- Project Supply Contract for Mills Construction: - Supplying the equipment with the specifications - Design of the equipment 2- Project Supervision Contract for Mills Construction: - Supervision of the installation of the supplied equipment - Inspection of the construction of the projects |
| Contract Duration | Until the completion of the execution of all projects. |
| Financial Impact and the Relevant Period | These projects are expected to have a positive impact on the company’s financial performance following the commencement of commercial operations at the Riyadh flour and feed mills and the completion of the flour mill upgrade in Hail. The Company will announce any commercial operation of any of the projects in due time. |
| Related Parties | N/A |
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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