Balady poultry company announces the signing of a long-term land lease to expand its poultry business

And dated on 17/04/1447 AH corresponding to 09/10/2025 ad

Under which the company acquired

1-a land in Wadi Al-Dawasir governorate in Riyadh region with an area of (27.7 million meters approximately) with an annual rent of (222,619. 12) riyals

2-a land in Wadi Al-Dawaser governorate in Riyadh region with an area of (approximately 23 million meters) meters with an annual rent of (190,274. 06) SR

In order to invest in the production of broiler chickens, a large part of the barns will be devoted to the production of broiler chickens with large weights, thus the company has achieved one of the important production factors

The company plans to establish poultry and meat farms with international standards and specifications that meet its current and future needs while enhancing production quality, raising production efficiency rates and biosecurity applications, enabling it to double the volume of its poultry business and expand the range of its products to satisfy the desires of the largest segment of consumers

This investment is an important step as part of the company's announced strategy to expand the poultry business with investments exceeding (one billion one hundred and thirty-seven million Saudi riyals )

It is expected that this investment will achieve a good rate of return that will be positively reflected on the company's financial statements after its operation