Tabuk Agricultural Development Co. signed on Oct. 8 a non-binding memorandum of understanding (MoU) with the Arab Authority for Agricultural Investment and Development (AAAID), the company said in a bourse statement on Tuesday.

 

Under the preliminary deal, a new fish farming firm will be established, when the required feasibility studies are completed.

 

Tabuk and AAAID will also cooperate on joint poultry investments and management activities.

 

The MoU, which came into effect immediately, will remain valid unless it is terminated by any party.

 

The agricultural firm said no financial impact is expected from the deal, adding that it will disclose relevant updates later on.

 

Tabuk’s major shareholders and board directors do not own any stake in AAAID, which was set up as an independent multilateral financial institution on November 1, 1976.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request