“Balady Poultry Company” signs contract to establish a New Slaughterhouse worth 98 Million Riyals

Balady Poultry Company announced the signing of a contract to establish and implement a new poultry slaughterhouse in Wadi Al-Dawasir, at a cost of 98 million riyals.

The company stated in a disclosure on Tadawul Saudi on Monday that the production capacity of the new slaughterhouse is estimated at 500,000 birds per day, and it is expected to be completed within 10 months.

It clarified that the project comes within the framework of future expansion plans and in line with Baladi Poultry Company’s overall growth strategy.

The company added that it is not possible at this stage to determine the financial impact of the project, stressing that any significant developments will be announced in due course