| Element List | Explanation |
|---|---|
| Introduction | Tabuk Agricultural Development Company announces the signing of a contract for the production of the onion crop with East Asia Agricultural Development and Investment Company. It is worth noting that Tabuk Agricultural Development Company is a Saudi national company specializing in the cultivation and production of onions. |
| Date of Announcement of the Award | 2025-09-10 Corresponding to 1447-03-18 |
| Contract Subject Matter | Onion production, sale and marketing contract |
| The Entity with Which the Contract was Signed | East Asia Agricultural Development and Investment Company |
| Date of Signing the Contract | 2025-09-10 Corresponding to 1447-03-18 |
| Contract Value | 5,060,000 Saudi Riyals (five million and sixty thousand Saudi Riyals only) |
| Contract Details | Both parties agreed that Tabuk Agricultural Development Company will produce the onion crop for East Asia Agricultural Development and Investment Company. |
| Contract Duration | This contract comes into effect from the date of signature by both parties and will last for 10 months. |
| Financial Impact and the Relevant Period | The contract is expected to have a positive financial impact on the company's financial results for the year 2026. |
| Related Parties | East Asia Agricultural Development and Investment Company is considered a related party, as Tabuk Agricultural Development Company owns a 28.57% stake in its capital, and it is classified as an associate company. |
| Additional Information | NONE |
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