Almunajem Foods to Fund Al Jouf Deal via Internal, Bank Resources

ALMUNAJEM

ALMUNAJEM

4162.SA

0.00

On July 30, 2026, Almunajem Foods issued an addendum announcement on the Saudi Exchange regarding its previously disclosed binding subscription agreement to invest in Al Jouf Agricultural Development Company. The company clarified that the deal will be financed through internal resources and Shariah-compliant bank financing facilities, with no related parties of Almunajem Foods participating in the agreement. There is no immediate financial impact on the company's financial results, with any potential impact to be determined upon completion of the required regulatory procedures and transaction implementation.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97108&anCat=1&cs=4162&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.