Wafrah signs contract worth SR11.6 bln with Panda Retail Company

A contract has been signed on 26-07-2022 between Wafrah for Industry and Development Company and Panda Retail Company whereby Wafrah for Industry and Development Co manufactures Macaroni products as private label under Panda trade name.

Wafrah for Industry and Development Co. will manufacture for Panda Retail Company 530,000 cases of macaroni of different pack sizes as per the technical specifications spelled out in the contract , and will be sourcing raw material and packaging material necessary for production. The contract value is SR 11.628 million.

Financial Impact and the Relevant Period: Increasing Wafrah Co revenue during the contract period which extends for one year.