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Al-Jouf Agricultural Development Company announces the latest developments regarding its partnership agreement with Global Green EGG Co., Korea (Commencement of Local pilot Production).
| Element List | Explanation |
|---|---|
| Introduction | With reference to the Company’s announcement dated March 11, 2025, regarding the signing of a partnership agreement with Global Green EGG Co., Ltd. of Korea to establish a collaboration between the two companies for the production of high-quality potato seed tubers, The Company is pleased to announce to its valued shareholders the commencement of local pilot production of potato seed tubers at the Company’s laboratory in Basita, Al-Jouf. Commercial production is expected to commence in the third quarter of 2026. |
| Previous Announcement | Al-Jouf Agricultural Development Co. Announces an update on the Memorandum of Understanding with E Green Global (EGG) Korea |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-03-11 Corresponding to 1446-09-11 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company announces to its esteemed shareholders the commencement of local pilot production of seed potatoes at the Company’s laboratory located in Busaita, Al-Jouf Region. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Additional Information | The financial impact on the Company’s results will be announced at a later date. |
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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