Balady signs Contract with Chinese company to Establish Poultry Feed Factory for $7 MLN

Balady Poultry Trading Co. announced Tuesday that it signed a contract with Famson Co., Ltd. – Jiangsu – People’s Republic of China to establish a feed production plant (3 lines for poultry feed production) with a production capacity of 60 tons per hour in the city of Khamis Mushait, where the value of the contract is USD 7 mln, for a period of 508 days.

The company said in a statement today on Tadawul that the financial impact cannot be determined at this stage, and any fundamental developments will be announced in due course.