Leen Alkhair Trading Co. Announces About the company obtaining a certificate from the Local Content and Government Procurement Authority
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| Announcement Detail | Leen Alkhair Trading Co. announces that it has obtained a certificate from the Local Content and Government Procurement Authority for the fiscal year ending December 31, 2024. The company's local content percentage reached 32.26%, compared to 20.74% in the previous year. This reflects the company's commitment to implementing its ambitious strategy to increase reliance on national resources and talent and strengthen local supply chains.
This certificate expires on July 31, 2026.
This achievement represents an important step in the company's journey towards expanding its government projects. This certificate grants priority in obtaining government contracts, opening up broader horizons for the company to strengthen its business and revenues, while consolidating its role in achieving the goals of Saudi Vision 2030.
The company also affirms its ongoing commitment to developing research and development initiatives, increasing the employment of Saudi talent within its operational and administrative teams, and enhancing its investments in sustainable practices that support food security and the national economy.
The company continues to work on increasing the percentage of local content within its future plans, in parallel with expanding the export of its products to regional markets, and taking advantage of the opportunities available through specialized trade exhibitions and the significant support from relevant authorities, which contributes to achieving sustainable growth and long-term returns for shareholders. |
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