Al-Samaani inks 3-year logistics contract with NAQUA worth SAR 33.5 mln

24/06/2020 Argaam

 

Al-Samaani Factory for Metal Industries Co. signed, on June 21, a three-year logistics contract with National Aquaculture Group (NAQUA) for a total value of SAR 33.46 million (SAR 11.154 million per annum), it said in a bourse statement.

 

The deal includes storing NAQUA’s products at Al-Samaani’s refrigerators in Jeddah.

 

The financial impact of the transaction will appear from the end of third quarter, the statement said, indicating that no related parties are involved in the deal.

 

The contract falls in line with the company’s expansion plans and diversification of its activities and services provided to others.

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