| Element List | Explanation |
|---|---|
| Introduction | Shmoh Almadi Company is pleased to announce the signing of a contract with Foshan International Trade Company Ltd. for the supply and installation of an automated production line for filling and packaging Maamoul and Date Bars. The signing of this contract comes as part of the Company’s strategy to increase production capacity and enhance operational efficiency in order to meet the growing demand for its products both locally and internationally. This initiative will further strengthen the Company’s competitiveness and support the achievement of its strategic growth objectives. It is worth noting that Foshan International Trade Company Ltd. is a China-based company headquartered in the city of Foshan. The company specializes in the manufacturing and supply of production lines and industrial equipment, with extensive expertise and highly qualified competencies. Backed by a skilled technical and engineering team, the company is well-positioned to support Shmoh Almadi Company in operating the filling and packaging line with high efficiency and in full compliance with international quality standards. |
| Date of Announcement of the Award | 2025-09-25 Corresponding to 1447-04-03 |
| Contract Subject Matter | Supply and installation of an automated production line for filling and packaging Maamoul and Date Bars. |
| The Entity with Which the Contract was Signed | Foshan International Trade Company Ltd |
| Date of Signing the Contract | 2025-09-25 Corresponding to 1447-04-03 |
| Contract Value | USD 509,000 – equivalent to SAR 1,908,750 |
| Contract Details | The contract encompasses the supply of a fully integrated filling and packaging line in accordance with the approved technical specifications, as well as the travel and visa expenses for two engineers for installation, commissioning, and all necessary testing, in full compliance with the terms and conditions stipulated in the contract. |
| Contract Duration | The duration of the contract shall be seventy (70) working days from the date of the advance payment, in addition to an installation and commissioning period of thirty-five (35) 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. |