Saudi Advanced Industries Company and its subsidiary announce the completion of share purchases in Baladi Poultry Company

Saudi Advanced Industries Company and its subsidiary announce the completion of share purchases in Baladi Poultry Company

Description of the Business of the Asset forming the Subject Matter of the Transaction

The company works in the poultry sector by raising and feeding poultry and providing veterinary care by owning, operating and managing poultry farms. The company also works on importing and selling eggs, hatching chickens and chicks. The company works in establishing and operating feed factories designated for poultry, as well as marketing and distributing its products in stores. Or through the company's authorized distributors. It is worth noting that Baladi Poultry Company is considered one of the leading companies in supporting food security, which is one of the important pillars of the Kingdom’s Vision 2030. The company is also considered one of the leading companies in supporting the local product, which increases the continuity, stability and growth of the food sector in the Kingdom. The company had also previously announced an expansion to increase its production capacity in its factory located in the city of Khamis Mushait, as well as the establishment of a hatchery factory in Wadi Al-Dawasir Reserve specializing in chicken hatching operations. In terms of feed production, the