Leen Alkhair obtains certificate from LCGPA

Logo of Leen Alkhair Trading Co.

Leen Alkhair Trading Co. obtained a certificate from the Local Content and Government Procurement Authority (LCGPA) for 2024.

The company's local content reached 32.26%, compared to 20.74% in 2023. The improved percentage reflects the company’s commitment to implementing its ambitious strategy and increasing reliance on national resources and talent, in addition to the strengthening of local supply chains, the company said in a statement to Tadawul.

For more news on listed companies

This certificate expires on July 31, 2026, it noted.

This achievement marks a significant milestone in the company's journey towards expanding its government projects. This certificate gives the company priority when applying for government contracts, expanding its business and revenue opportunities and solidifying its role in accomplishing Saudi Vision 2030's objectives, according to the statement.

Leen Alkhair also affirmed its ongoing commitment to developing research and development (R&D) initiatives, increasing the employment of Saudi talents within its operational and administrative teams, and enhancing their investments in sustainable practices that support food security and the national economy.

It highlighted that it continues to work on increasing the percentage of local content within its future plans. This occurs concurrently with increasing the export of its products to regional markets, seizing the chances presented by specialized trade exhibitions, and obtaining substantial backing from relevant authorities, all of which help to achieve long-term profits for shareholders and sustainable growth.