| Element List | Explanation |
|---|---|
| Introduction | Al-Jouf Agricultural Development Company announces the signing of a binding Memorandum of Understanding with Food Specialty International LLC (USA) with the aim of reaching a partnership agreement to establish a company specialized in transferring the latest agricultural and irrigation technologies for strategic crops. |
| Memorandum Signing Date | 2026-03-15 Corresponding to 1447-09-26 |
| Counterparty | Food Specialty International LLC Company |
| Memorandum Subject | Al-Jouf Agricultural Development Company has signed a Memorandum of Understanding with Food Specialty International LLC (USA) with the aim of reaching a partnership agreement to establish a company specialized in transferring the latest agricultural and irrigation technologies for strategic crops. |
This memorandum serves as a preliminary agreement and a binding undertaking for both parties, subject to the fulfillment of the conditions stipulated therein.
It is noteworthy that the Company has extensive experience in the agricultural sector through the adoption of advanced technologies and equipment in field crops such as peanuts, potatoes, and wheat.
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.