| Element List | Explanation |
|---|---|
| Introduction | Horizon Food Company announces the signing of a contract to supply its products to KSH3 Establishment, a leading entity in the food sector in Riyadh. The contract includes the supply of a range of Horizon Food Company’s products, particularly cooked shawarma. This collaboration comes as part of the company’s strategy to strengthen its market presence and expand its distribution network to meet customer needs across the Kingdom. |
| Date of Announcement of the Award | 2026-04-21 Corresponding to 1447-11-04 |
| Contract Subject Matter | Horizon Food Company announces the signing of a contract to supply its food products, manufactured at its factory, to KSH3 Establishment, a leading entity in the food sector in the Kingdom of Saudi Arabia. |
| The Entity with Which the Contract was Signed | KSH3 Establishment |
| Date of Signing the Contract | 2026-04-28 Corresponding to 1447-11-11 |
| Contract Value | The value of this contract may exceed 5% of the Company’s total revenues for the fiscal year 2025, due to the nature of the supply-based business and the variability of order volumes. This contract aligns with the objectives of both parties to strengthen strategic cooperation and expand business operations. Horizon Food Company aims to enhance the distribution of its products in targeted markets, while KSH3 Establishment seeks to strengthen its capabilities in distributing diverse, high-quality food products in line with both parties’ growth and expansion plans. |
| Contract Details | KSH3 has already started to supply and make available the Isekender cooked Shawarma product in Jazeera Markets and KSH3 will soon have these products available in Tammimi markets as well as other prominent retailers across the kingdom. |
| Contract Duration | Two years, automatically renewable unless either party notifies the other of its intention to terminate within the specified notice period. |
| Financial Impact and the Relevant Period | The financial impact of the contract is expected to commence in the second quarter of 2026, driven by KSH3 Establishment’s plan to expand the distribution of cooked shawarma products under the “Iskandar” brand, affiliated with Horizon Food Company, to new retail outlets. |
| Related Parties | The Company confirms that there are no other related parties involved in this contract. |
| Attached Documents | Attached Documents |