Tabuk Agricultural Development Co. Announces Contract Sign Off with Wafrah for Industry and Development company

2022-08-17 16:00:24

Element ListExplanation
Introduction "Tabuk Agricultural Development Company" announces that it has signed a contract with "Wafrah for Industry and Development company" for the purpose of selling Tabuk Agri. co. its product of industrial potatoes to Wafrah Co., knowing that Tabuk Agricultural Development Company is one of the Saudi national companies specialized in the cultivation and production of industrial potatoes.
Date of Announcement of the Award 2022-08-17 Corresponding to 1444-01-19
Contract Subject Matter Tabuk Agricultural Development Company sells industrial potatoes to Wafrah for Industry and Development Company
Date of Signing the Contract 2022-08-17 Corresponding to 1444-01-19
Contract Value 4,320,000 Saudi Riyals (four million three hundred twenty thousand Saudi riyals) excluding transportation costs and value added tax
Contract Details The two parties agreed that Tabuk Agricultural Development Company would supply Wafrah Company for Industry and Development with quantities of its industrial potato product, with a total of 3600 MT, according to the supply schedule agreed upon in the contract. This contract will be the beginning of dealing in more business between the two companies in the future.
Contract Duration The implementation of the contract starts from the date of signing it by both parties and is valid until 31/01/2023AD
Financial Impact and the Relevant Period The positive financial impact on the company's financial statements is expected to appear from the fourth quarter of 2022 and the first quarter of 2023
Related Parties N/A