On August 17, 2026, Al-Jouf Agricultural Development Co. released an addendum to its previous announcement dated August 16, 2026, providing additional details on the supply agreements for frozen par-fried French fries signed with five AlBaik restaurant operating companies: Awad Al Mashreq Company Ltd. (March 14, 2026), Ebda'a Watan Food Trading Company (March 16, 2026), Fast Foods Company (April 4, 2026), Serve Quest Restaurant Management Company (May 21, 2026), and Al Wusta Food Services Company (June 9, 2026). Each contract is valid for one calendar year and renewable by mutual agreement, with contract values to be determined quarterly based on agreed supply volumes and pricing mechanisms. Notably, the company's Board Chairman, Eng. Badr bin Hamed Al-Oujan, holds a board membership in Al Wusta Food Services Company, constituting a related party relationship. The agreements are expected to generate a positive financial impact beginning from the third quarter of the current year, contingent on actual purchase orders and supply volumes.

Original announcement:

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