Al-Khodari Sells Equipment Worth SAR 51 mln at Auction

Abdullah A. M. Al-Khodari Sons Company garnered SAR 30.7 million in profits last week after the company sold equipment worth SAR 51 million in a public auction, the company said on Sunday.

The profit’s financial impact will be reported during fourth quarter of the current fiscal year, according to the company’s statement on Tadawul.

Last September, Al-Khodari group signed an agreement with Abdulla Fouad Holding to hold its auction during the last week of October.