| Element List | Explanation |
|---|---|
| Introduction | Horizon Food Company announces the signing of a supply agreement with Maonah Trading Company, a leading company in the food sector in Riyadh. The agreement includes the supply of a range of Horizon Food Company’s products, especially cooked shawarma. This collaboration comes as part of the company’s efforts to strengthen its market presence and expand its distribution network to meet customer needs across Riyadh and surrounding areas. |
| 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 supply agreement for its food products manufactured in its factory with Maonah Trading Company, a leading company in the food sector in Riyadh |
| The Entity with Which the Contract was Signed | Maonah Trading Company |
| Date of Signing the Contract | 2026-04-21 Corresponding to 1447-11-04 |
| Contract Value | The value of this contract may exceed (10%) of the company’s total revenues for the fiscal year 2025, due to the nature of the supply-based business activity and the variable volume of orders. This agreement comes as part of both companies’ objectives to enhance strategic cooperation and expand business operations, where Horizon Food Company aims to strengthen the presence of its products in target markets, while Maonah Trading Company seeks to enhance its capabilities in providing diverse and high-quality food services in Riyadh and surrounding areas, in line with the growth and expansion plans of both parties |
| Contract Details | This agreement aims to supply the largest possible quantities of food products to meet the needs of restaurants, retail outlets, and the food service sector in Riyadh and surrounding areas, contributing to strengthening supply chains and ensuring product availability throughout the contract period. |
| 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 Maonah’s plan to expand the distribution of Horizon Foods “Iskender” branded cooked shawarma products into new retail outlets |
| Related Parties | The Company confirms that there are no other related parties involved in this contract. |
| Attached Documents | Attached Documents |