Riyadh – Mubasher: Intelligent Oud Company for Trading (iOud) has announced the formal signing of a consultancy services agreement with the Saudi Industrial Development Fund (SIDF) to enhance its operational and strategic framework.
The two-year partnership is designed to optimize the company’s growth strategy, production capabilities, and supply chain management as part of a broader effort to drive long-term revenue maximization and cost efficiency.
The agreement was finalized on 14 May 2026 between iOud and SIDF in a significant step within the company’s efforts to modernize its industrial and trading operations, according to a bourse disclosure.
A primary focus of the consultancy involves a rigorous review of the company’s current market position and an evaluation of its existing product portfolio. This assessment is intended to identify areas for improvement and innovation, ensuring that the company’s offerings remain aligned with market demands.
Furthermore, the SIDF will work alongside the company’s management to study potential future product developments and market entries, providing a data-driven foundation for long-term expansion.
Operational efficiency serves as another core pillar of the agreement. The consultancy will specifically address supply chain management, seeking to identify bottlenecks and implement best practices that reduce lead times and mitigate operational risks.
These efforts will be coupled with a dedicated focus on cost-efficiency improvements, designed to streamline expenditure and maximize the productivity of the company’s existing assets.
Notably, this agreement involves no direct financial consideration or fees, as it falls under the SIDF’s mandate to provide technical and advisory support to the private industrial sector in Saudi Arabia.
Regarding the financial implications of this partnership, iOud clarified that there will be no immediate impact on its financial statements for the current period. However, the management anticipates that the strategic value of the partnership will be reflected in future reporting periods.
The implementation of the SIDF’s recommendations is expected to lead to a measurable improvement in operational performance and production efficiency, which is projected to contribute positively to the company’s revenue streams as the two-year mandate progresses.
iOud recently announced the conclusion of its Series 1 Sukuk offering that reached a total value of SAR 50 million.
