Logo of Neft Alsharq Company for Chemical Industries
Neft Alsharq Company for Chemical Industries signed a contract with the First Circle Capital Co. to supply engine oils to an African country for $685,200 (or SAR 2.57 million).
The company said in a statement on Tadawul that the 60-day contract started from the signing date, indicating that it will have a positive impact on 2024’s financials.
There are no related parties to the contract, it noted.
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