Logo of Naf Company for Feed for Industry shown, as it signs a SAR 62M worth of a contract, representing 38% of 2024 total revenue
Naf Company for Feed for Industry -recently listed on the Nomu Parallel Market- inked on Aug. 26 a poultry feed supply contract with Riyada Tareya Poultry Co., at an estimated total value of SAR 62 million, excluding VAT.
The total value of the contract represents approximately 38% of Naf’s total revenue for 2024, the company said in a statement to Tadawul. This value is subject to increase or decrease if feed prices per ton under the agreement are adjusted, as they are reviewed every 45 days.
Under the contract, Naf will supply poultry fattening feed (including starter broiler feed, grower broiler feed, and finisher broiler feed) to Riyada Tareya’s farms, with an annual volume of 36,000 tons, subject to increase depending on product categories and the needs defined by the company.
The contract term is one year, renewable upon written consent of both parties, with implementation starting on Sept. 1, 2025. Naf expects the financial impact to appear in Q3 2025.
The contract involved no related parties, the statement added.
According to Argaam data, Naf was listed and began trading on the Nomu Parallel Market on July 20, 2025, at an initial price of SAR76 per share.
Logo of Naf Company for Feed for Industry shown, as it signs a SAR 62M worth of a contract, representing 38% of 2024 total revenue
Naf Company for Feed for Industry -recently listed on the Nomu Parallel Market- inked on Aug. 26 a poultry feed supply contract with Riyada Tareya Poultry Co., at an estimated total value of SAR 62 million, excluding VAT.
The total value of the contract represents approximately 38% of Naf’s total revenue for 2024, the company said in a statement to Tadawul. This value is subject to increase or decrease if feed prices per ton under the agreement are adjusted, as they are reviewed every 45 days.
Under the contract, Naf will supply poultry fattening feed (including starter broiler feed, grower broiler feed, and finisher broiler feed) to Riyada Tareya’s farms, with an annual volume of 36,000 tons, subject to increase depending on product categories and the needs defined by the company.
The contract term is one year, renewable upon written consent of both parties, with implementation starting on Sept. 1, 2025. Naf expects the financial impact to appear in Q3 2025.
The contract involved no related parties, the statement added.
According to Argaam data, Naf was listed and began trading on the Nomu Parallel Market on July 20, 2025, at an initial price of SAR76 per share.
