Logo ofBalady Poultry Co.
Balady Poultry Co. signed, on Oct. 9, two land lease contracts with the Ministry of Environment, Water and Agriculture for a period of 19 Hijri years renewable for a period or similar periods, according to a statement to Tadawul. 
Under the contracts, the company acquired two land plots in Wadi Al-Dawasir Governorate in Riyadh region, spanning an area of 27.7 million meters and 23 million meters and with annual rent of SAR 222,619 and SAR 190,274, respectively.
The move comes in order to invest in the production of broiler chickens, with a large part of the barns to be devoted to the production of broiler chickens with large weights, thus achieving one of the company’s vital production factors, the statement said.
Balady Poultry also stated that it plans to establish poultry and meat farms with international standards and specifications that meet its current and future needs while enhancing production quality, raising production efficiency rates and biosecurity applications, enabling it to double the volume of its poultry business and expand the range of its products to satisfy the desires of the largest segment of consumers.
This investment is a key step as part of the company’s announced strategy to expand the poultry business with investments exceeding SAR 1.14 billion, it added.
The company further said that it is expected that this investment will achieve a good rate of return that will be positively reflected on its financial statements after its operation.
Logo ofBalady Poultry Co.
Balady Poultry Co. signed, on Oct. 9, two land lease contracts with the Ministry of Environment, Water and Agriculture for a period of 19 Hijri years renewable for a period or similar periods, according to a statement to Tadawul.
Under the contracts, the company acquired two land plots in Wadi Al-Dawasir Governorate in Riyadh region, spanning an area of 27.7 million meters and 23 million meters and with annual rent of SAR 222,619 and SAR 190,274, respectively.
The move comes in order to invest in the production of broiler chickens, with a large part of the barns to be devoted to the production of broiler chickens with large weights, thus achieving one of the company’s vital production factors, the statement said.
Balady Poultry also stated that it plans to establish poultry and meat farms with international standards and specifications that meet its current and future needs while enhancing production quality, raising production efficiency rates and biosecurity applications, enabling it to double the volume of its poultry business and expand the range of its products to satisfy the desires of the largest segment of consumers.
This investment is a key step as part of the company’s announced strategy to expand the poultry business with investments exceeding SAR 1.14 billion, it added.
The company further said that it is expected that this investment will achieve a good rate of return that will be positively reflected on its financial statements after its operation.
