Neft Alsharq signs SAR 12M contract to supply engine oils to Ethiopia

26/08/2024 Argaam

Neft Alsharq signs SAR 12M contract to supply engine oils to Ethiopia

Logo of Neft Alsharq Company for Chemical Industries

Neft Alsharq Company for Chemical Industries signed on Aug. 25 a contract with Abdulaziz Ali Import and Export Corporation to supply engine oils to Ethiopia.

 

The deal is worth $3.2 million (SAR 12 million), Neft Alsharq said in a statement to Tadawul.

 

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The one-year contract does not include any related parties, the statement added.

 

Neft Alsharq expects a positive impact on the company's financial results for 2024 and 2025.

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