| Element List |
Explanation |
| Introduction |
With reference to the announcement by Wafrah for Industry and Development Company regarding the signing of a contract with GEA Food Solutions Company to manufacture and supply highly automated production lines for the processing and packaging of frozen and cooked meat and the announcement of the commencement of trial operations, Wafrah for Industry and Development Company would like to announce the completion of work related to the project and the commencement of commercial operations |
| Previous Announcement |
Latest developments regarding the start of trail operation of the GEA Food Solutions contract |
| Date of Previous Announcement on Saudi Exchange’s Website |
2025-01-22 Corresponding to 1446-07-22 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website |
Click Here |
| Latest Developments Of The Announced Event |
The project work has been completed, and the production lines have started commercial operation |
| Reasons For The Delay on The Date of The Event Previously Announced |
The slight delay to the recently announced date is due to the desire to achieve maximum automation by adding robots to be used in the final stages of packaging to further save on labor costs |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
The cost of the robots added to the project amounted to 270,000 SAR |
| Delay consequences on the Company’s financial results |
None |
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