On July 26, 2026, Almunajem Foods Company announced the signing of a binding subscription agreement to make a strategic investment in Al Jouf Agricultural Development Company, following Al Jouf Agricultural's approval notification received on July 25, 2026. Under the agreement, Almunajem Foods will subscribe for 4,500,000 newly issued shares at SAR 52.5 per share, representing a total subscription amount of SAR 236,250,000. Upon completion of the capital increase — which suspends pre-emptive rights — Almunajem Foods' ownership in Al Jouf Agricultural will increase to up to 20.29% of its share capital, up from its current 8.3% stake. The transaction is subject to approvals from the Capital Market Authority, Saudi Exchange (Tadawul), and the Extraordinary General Meeting of Al Jouf Agricultural's shareholders, with no immediate financial impact on Almunajem Foods' financial results.

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Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.