Foods Gate GA approves business ventures and contracts with relevant parties

Foods Gate Trading Co. announced the outcomes of its Ordinary General Assembly (First Meeting), conducted via modern technology, on Sunday. The results encompass the approval of business ventures, and contracts concluded between the company and Foods Valley Trading Company. Notably, members of the Board of Directors, namely Mr. Abdulelah Saad Mohammed Al-Drees, Saad Abdulelah Saad Al-Drees, and Saleh Abdulelah Saad Al-Drees, have a direct interest in these contracts. The agreements involve purchases for one year, totaling SAR 2.7 million for the year 2023. It’s important to note that there are no preferential terms outlined in the contract