{"id":101221,"date":"2025-10-07T00:00:00","date_gmt":"2025-10-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/07\/food-security-authority-awards-contracts-for-fourth-wheat-import-batch\/"},"modified":"2025-10-07T00:00:00","modified_gmt":"2025-10-07T00:00:00","slug":"food-security-authority-awards-contracts-for-fourth-wheat-import-batch","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/07\/food-security-authority-awards-contracts-for-fourth-wheat-import-batch\/","title":{"rendered":"Food Security Authority awards contracts for fourth wheat import batch"},"content":{"rendered":"

\n

FOOD-<\/p>\n

The General Food Security Authority (GFSA) awarded three companies <\/strong>contracts for the fourth batch of<\/strong> wheat imports for 2025<\/strong>, procuring 450k tons from suppliers in the EU, the Americas, Australia, and the Black Sea region, GFSA said on X<\/a> yesterday. The shipments are scheduled to arrive between December 2025 and January 2026 on seven vessels \u2014 two at Jeddah Islamic Port, three at Yanbu Commercial Port, and two at King Abdulaziz Port in Dammam.<\/p>\n

REMEMBER-<\/strong> GFSA awarded its third batch of wheat for the year in May<\/a>, with 621 tons arriving on 10 shipments between August and October. GFSA completed its first 2025 wheat tender in February<\/a>, securing some 920k tons on 15 shipments that arrived in May and July.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

\n

M&A WATCH-<\/p>\n

#1- Tadawul-listed delivery app <\/strong>Jahez<\/a><\/strong>completed the <\/strong>first phase of its acquisition <\/strong>of Qatar-based e-commerce <\/strong>Snoonu<\/a><\/strong>, purchasing a 75% stake, or about 7.9 mn shares, it said in a disclosure to Tadawul<\/a> yesterday. Jahez will later subscribe to an additional 1.6% stake, bringing its total ownership to 76.6%, while Snoonu founder Hamad Mubarak Al Hajri will retain 23.4%.<\/p>\n

REMEMBER-<\/strong> Jahez inked a binding agreement in July<\/a> to acquire a 76.6% stake in Snoonu in a SAR 919 mn (USD 245 mn) transaction. Under the agreement, Jahez would pay SAR 802 mn (USD 214 mn) in banknotes to buy a 75% stake from Snounu\u2019s current shareholders. It will also issue 1.54 mn treasury shares (0.73% of its share capital) to Snoonu founder and CEO, and funnel another SAR 75 mn (USD 20 mn) into the company in exchange for a newly-issued 1.56% stake<\/p>\n

\n

\n

#2- <\/strong>Taqat Mineral Trading Company<\/a><\/strong> received approval from the General Authority <\/strong>for <\/strong>Competition to fully acquire scrap recycling firm <\/strong>Bayan Al Naql<\/a><\/strong>, completing the transaction after meeting all regulatory requirements, it said in a disclosure to Tadawul<\/a> yesterday. The two firms first signed a non-binding MoU in May 2024<\/a> for the full acquisition, which Taqat extended last September<\/a> to remain valid until the end of the year.<\/p>\n

\n

MANUFACTURING-<\/p>\n

Modon contracts Aldyar Alarabiya to build ready-to-use factories under SAR 142 mn <\/strong>agreement: <\/strong>The Saudi Authority for Industrial Cities and Technology Zones (Modon) sealed an agreement with Aldyar Alarabiya<\/a> to build 89 ready-to-use factories on a 109k sqm area in Jeddah\u2019s Modon Oasis<\/a> with over SAR 142 mn in investments, it said on X<\/a> on Sunday. <\/p>\n

IN CONTEXT-<\/strong> The agreement aims to empower SMEs and builds on another SAR 129 mn contract inked in late 2024<\/a> to establish 90 factories with areas starting from 680 sqm per unit.<\/p>\n

\n

UTILITIES-<\/p>\n

Marafiq to implement revised industrial water tariffs:<\/strong> The Power and Water Utility Company for Jubail and Yanbu (Marafiq) received approval to revise industrial water tariffs for areas managed by the Royal Commission for Jubail and Yanbu, with changes taking effect on 7 December, it said in a disclosure to Tadawul<\/a> yesterday. <\/p>\n

The new rates are set at SAR 8.04 per cubic meter for potable and process water<\/strong>, SAR 6.7 for truck fill and active construction, SAR 3.2 for sanitary wastewater, SAR 3.6 for industrial wastewater, and SAR 69.2 per 1k cubic meters for seawater cooling, Zawya<\/a> reported yesterday. <\/p>\n

\n

DISPUTE WATCH-<\/p>\n

Molan Steel<\/strong> seeks to void acquisitio<\/strong>n agreement with <\/strong>Yara International<\/strong>: <\/strong>Molan Steel<\/a> filed a lawsuit against Yara International<\/a> in the Riyadh Commercial Court, seeking to cancel an acquisition agreement and recover SAR 17 mn, it said in a disclosure to Tadawul<\/a> yesterday. The company claims that Yara\u2019s financial statements contained a \u201cfundamental error\u201d during the agreement\u2019s signing in November 2024, which caused the acquisition to be overpriced.<\/p>\n

What Molan Steel expects: <\/strong>Molan Steel wants the SAR 17 mn refunded and all related assets and liabilities removed from its books as of June 2025. After mediation failed, the company, following legal advice, said it does not expect to face any liability from the case.<\/p>\n","protected":false},"excerpt":{"rendered":"

Marafiq to implement revised industrial water tariffs in Jubail and Yanbu<\/p>\n","protected":false},"author":1,"featured_media":101222,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,10,2258,3021,861,989,4083,1380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam-ksa","tag-general-food-security-authority-gfsa","tag-jahez-international","tag-marafiq","tag-modon","tag-molan-steel","tag-taqat-mineral-trading","wpautop","entry"],"acf":{"mongo_id":"d6451dec-4f1c-427c-9c69-89036931df82","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/10\/359.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Food Security Authority secures 450k tons of wheat for 2025","related_issue":[101207],"teaser":"Marafiq to implement revised industrial water tariffs in Jubail and Yanbu","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.ee0c47f0-fad6-493a-a413-6e46d6037363.mp3"},"yoast_head":"\nFood Security Authority awards contracts for fourth wheat import batch - 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