HMA Agro Industries Limited — Important, 09-12-2024: Agreements

HMA Agro Industries Limited has entered into Facilities Agreements with AL RAIYAN EXPORT, focusing on the expansion of its operations in slaughtering, chilling, processing, freezing, and packing of frozen Halal boneless buffalo meat. AL RAIYAN EXPORT boasts a processing capacity of 232 MT per day, and the agreement is set for a term of three years starting from December 2024. This partnership may enhance HMA's operational capabilities and market reach. Notably, AL RAIYAN is not a related party, ensuring that the transaction is conducted on an arm's length basis. Investors should watch closely as this strategic move could contribute positively to the company's growth trajectory.