IOUD Renews Supply Contract with SASCO Palm

Intelligent Oud Company for Trading (IOUD) announced on Thursday the renewal of its contract with SASCO Palm for the supply of products over a one-year period. The renewed agreement expands the scope of supply to cover all SASCO Palm branches.

In a statement on the Saudi Stock Exchange (Tadawul), the Company noted that the contract’s value will depend on the volume and value of products supplied during the contract term. The financial impact is expected to be reflected in the Company’s results for the first half of 2025