Wafrah seals SAR 5.3 mln contract with Lulu Group

15/01/2023 Argaam
Logo of Wafrah for Industry and Development Co.

Logo of Wafrah for Industry and Development Co.

Wafrah for Industry and Development Co. inked, today, Jan. 15, a SAR 5.28 million contract with Lulu Group International, according to a statement to Tadawul.

 

Under the one-year contract, Wafrah will produce several types of macaroni in different sizes under Lulu’s trade name, as per the technical specifications stipulated in the contract. The company will be sourcing the raw materials and the necessary packaging.

 

The deal will likely boost Wafrah’s revenue during the contract period, which is 12 months from the signing date.

 

The contract includes no related parties, the statement added.

 

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