IssuerAnnouncementDetailsV2Portlet
Almarai Company announces the signing of two strategic agreements with the Ministry of Investment and the Private Sector Partnership Program (Shareek) to support the localization of the fish and seafood processing sector
| Element List | Explanation |
|---|---|
| Introduction | Almarai Company announces the signing of two strategic agreements with the Ministry of Investment and the Private Sector Partnership Program (Shareek) to support the localization of the fish and seafood processing sector. |
| Date of Announcement of the Award | 2026-04-15 Corresponding to 1447-10-27 |
| Contract Subject Matter | Eligibility for enablement programs related to Almarai’s projects in the fish and seafood processing sector. |
| The Entity with Which the Contract was Signed | Ministry of Investment and the Private Sector Partnership Program (Shareek) |
| Date of Signing the Contract | 2026-04-15 Corresponding to 1447-10-27 |
| Contract Value | The agreements define the eligibility criteria applicable to Almarai and the potential to apply for enablement programs in the fish and seafood processing sector. |
| Contract Details | Under these agreements, Almarai will be eligible to apply for enablement programs in accordance with the terms and conditions set forth therein. |
| Contract Duration | Eligibility ends on 31 December 2030 |
| Financial Impact and the Relevant Period | There is no material financial impact on the Company’s current operations or ongoing commercial projects at this stage. The Company will announce any material financial impact in due course, if and when it materializes. |
| Related Parties | There are no related parties. |
| Additional Information | The seafood segment represents part of Almarai’s strategy to diversify protein sources and support national food security, in line with the National Food Security Program and the objectives of Saudi Vision 2030. |
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.