Wafrah for Industry and Development Co. — Capital/Financing Update 2025

Aug 6, 2025

Wafrah for Industry and Development Co. Announces an update on Latest developments regarding the start of trail operation of the GEA Food Solutions contract

2100 · 06/08/2025 09:25:25 · Announcement #89326 · View on Saudi Exchange

Wafrah for Industry and Development Co. Announces an update on Latest developments regarding the start of trail operation of the GEA Food Solutions contract

Element List	Explanation
Introduction	With reference to the announcement by Wafrah for Industry and Development Company regarding the signing of a contract with GEA Food Solutions Company to manufacture and supply highly automated production lines for the processing and packaging of frozen and cooked meat and the announcement of the commencement of trial operations, Wafrah for Industry and Development Company would like to announce the completion of work related to the project and the commencement of commercial operations
Previous Announcement	Latest developments regarding the start of trail operation of the GEA Food Solutions contract
Date of Previous Announcement on Saudi Exchange’s Website	2025-01-22 Corresponding to 1446-07-22
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The project work has been completed, and the production lines have started commercial operation
Reasons For The Delay on The Date of The Event Previously Announced	The slight delay to the recently announced date is due to the desire to achieve maximum automation by adding robots to be used in the final stages of packaging to further save on labor costs
The costs associated with the event, and if they have changed or not with indication of the reasons.	The cost of the robots added to the project amounted to 270,000 SAR
Delay consequences on the Company’s financial results	None

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