NAF signs SAR 55M Feed manufacturing contract

NAF signs SAR 55M Feed manufacturing contract Naf Co. for Feed for Industry, recently listed on the Nomu Parallel Market, signed on Sept. 7, a SAR 55 million feed manufacturing deal with Mazarena Poultry Co., inclusive of VAT.

The contract covers production of poultry fattening feed in specified grades and volumes, with the value subject to adjustment every three months based on feed price reviews, the company said in a Tadawul filing.

The one-year contract, renewable upon mutual written consent, is expected to have a financial impact in Q3 2025, Naf said.

The agreement supports its expansion strategy, the company said adding that there are no related parties to the deal.