| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement published by Naf Company for Feed for Industry (the “Company”) on the website of Saudi Exchange dated 04/03/1447H (corresponding to 27/08/2025G) regarding the signing of a supply contract with RIYADA TAREYA POULTRY Company for the supply of broiler feed, the Company hereby announces that the parties have mutually agreed to terminate the contract as of 18/10/1447H (corresponding to 06/04/2026G) due to exceptional circumstances. The pricing structure under the contract is no longer aligned with the current and prevailing conditions. The parties have also agreed to continue the business relationship through periodic purchase orders, to be executed in accordance with the needs of RIYADA TAREYA POULTRY Company and the Company’s available capacity, in a manner that serves the mutual interests of both parties. |
| Previous Announcement | Announcement of Naf Company for Feed for Industry regarding the signing of a supply contract with RIYADA TAREYA POULTRY Company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-08-27 Corresponding to 1447-03-04 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | the Company hereby announces that the parties have mutually agreed to terminate the contract as of 18/10/1447H (corresponding to 06/04/2026G) due to exceptional circumstances. The pricing structure under the contract is no longer aligned with the current and prevailing conditions. The parties have also agreed to continue the business relationship through periodic purchase orders, to be executed in accordance with the needs of RIYADA TAREYA POULTRY Company and the Company’s available capacity, in a manner that serves the mutual interests of both parties. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The contract was terminated by mutual agreement for the reasons stated above. No penalties or financial claims were incurred by either party as a result of the contract termination. |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | It is expected that the shift in the contractual relationship to periodic purchase orders will have an impact on the Company’s revenues for the year 2026. However, it is currently not possible to accurately determine the financial impact, as it depends on the volume of actual future purchase orders. The Company seeks through this approach to support its profit margins and ensure the stability of its operational activities under the current circumstances. |