Meyar purchases new trucks for SAR 1.5M

01/09/2024 Argaam
Logo of Meyar Co.

Logo of Meyar Co.


Meyar Co. bought five new trucks (concrete mixers) for SAR 1.52 million (VAT inclusive), after signing a purchase contract with SANY International Development Trading Co. aimed at developing supply chains and efficiency ramp-up.

 

In a statement to Tadawul today, Sept. 1, the company stated that the purchase will be self-financed, noting that the trucks will be used in product distribution.

 

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The related financial impact on the company's operations is expected to be reflected in the 2024 financial results. There are no related parties to the deal.

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