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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.
Memorandum Duration	270 Days
Related Parties	None
Financial Impact	The financial impact of this memorandum cannot be determined at this time. The Company will announce any updates or developments as they become available.

Al-Jouf Agricultural Development Co. announces signing a Memorandum of Understanding with Food Specialty International LLC Company