Almuneef signs contract with NADEC for SAR 5.2 mln to purchase wheat seeds

Almuneef Company for Trade, Industry, Agriculture and Contracting announced on Sunday that signed contract to purchase wheat seeds, first-generation-certified wheat seeds, in a quantity of 2,500 tons, produced in 2023, in the city of Hail with the National Agricultural Development Company – NADEC, according to the company’s annual plans to cover the needs of the local market for the wheat growing season among the company’s clients of companies and farmers

The Company explained Today on Tadawul that the total value of this contract is 5,2 million riyals. It does not include value-added tax and other taxes, fees, and costs that result from this contract. These additional fees will be added to the price when the monthly invoice is issued.

The company indicated that the Contract Duration is Five months, and the Financial Impact will be by the end of the fourth quarter.