TOMCL secures supply contracts worth $2.2mn to Jordan, Kuwait

MG News | May 13, 2022 at 12:10 PM GMT+05:00

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May 13, 2022 (MLN): The Organic Meat Company Limited (TOMCL) has become the first company to secure supply contracts worth USD2.2 million to Jordan and Kuwait to supply “Fresh-chilled Bone-in Beef” and “Commercially-Branded Frozen Bone-in Beef”, company’s filing on bourse showed today.

According to details, the company secured a contract to supply “Fresh-chilled Bone-in Beef” to Jordan, valuing around USD1.6 million, which shall be fulfilled over the course of the next 12 months.

In addition, the company secured another contract to supply “Commercially-Branded Frozen Bone-in Beef” to Kuwait, valuing around USD0.6 million, which shall be fulfilled by December 2022.

This is a new line of product, which is only being offered from Pakistan by the company.

These contracts shall have positive impacts on the company’s business, as well as generate good value for its shareholders, the company said.

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