| Element List | Explanation |
|---|---|
| Introduction | Horizon Food Company announces the signing of a supply agreement for its products with Al-Imdad Al-Jadeed Trading Establishment, a leading food service provider in the Makkah region. The agreement includes the supply of a range of Horizon Food products This partnership comes as part of strengthening the company’s presence in the market and expanding its distribution network to meet customer needs in Makkah and the surrounding areas. |
| Date of Announcement of the Award | 2026-04-15 Corresponding to 1447-10-27 |
| Contract Subject Matter | Horizon Food Company signed an agreement to supply its food products from its factory to Al-Imdad Al-Jadeed Trading Establishment. |
| The Entity with Which the Contract was Signed | Al-Imdad Al-Jadeed Trading Establishment |
| Date of Signing the Contract | 2026-04-15 Corresponding to 1447-10-27 |
| Contract Value | This contract may exceed 15% of the Company’s total revenues for the fiscal year 2025, as the revenue value is variable and depends on the volume of orders. This agreement comes in line with both companies’ strategic objectives to strengthen cooperation and expand business operations. Horizon Food Company aims to enhance the market presence of its products, while Al-Imdad Al-Jadeed Trading Establishment seeks to strengthen its capabilities in providing diversified and high-quality food services in the Makkah region and surrounding areas, in alignment with the growth and expansion plans of both parties. |
| Contract Details | This contract aims to supply the largest possible quantities of food products, particularly during the Hajj season, the Umrah season and the blessed months of Ramadan in order to meet the needs of restaurants, retail outlets, and the food service sector in Makkah and the surrounding areas, and to contribute to serving the Guests of Allah (visitors of the Holy Sites) throughout the duration of the contract. |
| 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, as it coincides with the Hajj season in that period. |
| Related Parties | The Company confirms that there are no other related parties involved in this contract. |
| Attached Documents | Attached Documents |