| Element List | Explanation |
|---|---|
| Introduction | Shmoh Almadi Company is pleased to announce the signing of a contract with Sinobake Group Limited for the supply and installation of a fully integrated production line for the manufacturing of Maamoul and Biscuits. This initiative aims to enable the Company to produce high-quality Maamoul and Biscuits, strengthen its competitiveness in both local and international markets, open new business opportunities, and support the implementation of the Company’s strategic plan. Furthermore, this contract contributes to the Company’s ongoing strategic growth journey, aligning with the Kingdom’s objectives to enhance production efficiency and achieve the goals of Saudi Arabia’s Vision 2030 by fostering development across all aspects of the industrial and food sectors. The signing of this contract is in line with the Company’s expansion strategy, which seeks to enhance production capacity and keep pace with accelerating growth. It is worth noting that Sinobake Group Limited is a China-based company headquartered in Hong Kong. The company is a leading entity in the manufacturing sector and production lines, possessing extensive expertise and highly skilled personnel, which will assist Shmoh Almadi Company in operating the production line with high efficiency. |
| Date of Announcement of the Award | 2025-09-25 Corresponding to 1447-04-03 |
| Contract Subject Matter | Supply of a fully integrated production line for Maamoul and Biscuit manufacturing, including all components and accessories in accordance with the approved technical specifications, in addition to the costs of installation, commissioning, and necessary testing, all in accordance with the terms and conditions stipulated in the contract. |
| The Entity with Which the Contract was Signed | Sinobake Group Limited |
| Date of Signing the Contract | 2025-09-25 Corresponding to 1447-04-03 |
| Contract Value | USD 800,000 – equivalent to SAR 3,000,000 |
| Contract Details | Supply of a fully integrated production line, including all its components and accessories, in accordance with the approved technical specifications, in addition to the costs of installation, commissioning, and necessary testing, all in accordance with the terms and conditions stipulated in the contract. |
| Contract Duration | 150 days from the date of the advance payment, plus an expected installation and commissioning period of (90) days. |
| Financial Impact and the Relevant Period | The financial impact of the contract is expected to be reflected within the company’s capital expenditures during the fiscal year 2025, with a positive effect on the financial and operational results starting from 2026, following the actual commencement of the production line. |
| Related Parties | There is no |
| Additional Information | The Company confirms that the contract was executed in the ordinary course of business and did not include any preferential benefits. |