10:27 AM EDT, 07/30/2026 (MT Newswires) -- Almunajem Foods (SASE:4162) said Thursday it will use its internal resources and Sharia-compliant bank financing facilities to fund plans to increase its stake in Al-Jouf Agricultural Development Co. (SASE:6070). The Saudi Arabian food company announced on Sunday that it will subscribe to 4.5 million Al-Jouf shares for 236.3 million Saudi riyals to boost its ownership to 20.29% from 8.3%.

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