“Al-Jouf Agricultural” is considering the entry of “Al-Minem Foods” as a strategic investor
The Board of Directors of Al-Jouf Agricultural Company decided to agree to enter into preliminary, non-binding discussions to study the possibility of Al-Minejm Food Company entering as a strategic investor in Al-Jouf Agricultural Development Company.
The company said in a statement on its website "Saudi Arabia trading"This is done by acquiring a minority stake in the company by increasing the company’s capital with the cessation of the priority right, provided that the subscription price for Al-Majnem Food Company is 52.5 riyals per share, after the following conditions are met:
1- That the company’s capital increase does not exceed 15% of the company’s total capital.
2- Signing a binding contract or contracts, including conducting a due diligence examination.
3- Obtaining the approval of the general assembly without Regular and all regulatory approvals required from any competent authority.
The company had announced on the Saudi Tadawul website that it had received a letter from Al-Minem Foods Company (a company listed on the Saudi Stock Exchange) on 01-19-2026 AD, which included expressing a desire to enter into preliminary, non-binding discussions to study the possibility of Al-Minem Foods Company entering as a strategic investor in the company by acquiring a minority stake in the company by increasing the company’s capital while suspending the priority rights of the current shareholders in accordance with In accordance with the provisions of Article (129) of the Companies Law, at a subscription price of 52.5 riyals per new share.
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