Element List	Explanation
Introduction	Al Munif Trading, Industry, Agriculture and Contracting Company announces the signing of a preliminary "non-binding" memorandum of understanding with the Turkish company UNİBA TARIM SANAYİ VE TİCARET ANONİM ŞİRKETİ Company, which operates in the industrial sector, for the purpose of establishing a fertilizer factory through the establishment of a Saudi-Turkish company.
Memorandum Signing Date	2026-01-21 Corresponding to 1447-08-02
Counterparty	UNİBA TARIM SANAYİ VE TİCARET ANONİM ŞİRKETİ
Memorandum Subject	A study is underway to establish a fertilizer plant with a production capacity ranging from approximately 15,000 tons per year to approximately 100,000 tons per year. The types of fertilizers to be produced by the plant will be determined based on the scenarios that will be studied.The cost of establishing the factory ranges from approximately 22,500,000 Saudi Riyals to approximately 112,500,000 Saudi Riyals, depending on the scenarios that will be studied.The study period until commercial operation is approximately 18 months, depending on the completion of all phases.
Memorandum Duration	180 days, renewable by mutual agreement.
Related Parties	nothing
Financial Impact	There is no financial impact at present.
Additional Information	The company will announce any material developments regarding this transaction in due course.