Ash-Sharqiyah Development Co. has terminated a SAR 28.5 million contract signed in December 2015 to supply fresh milk to a local company, after the customer stopped purchasing orders for more than six consecutive months.
In a statement to the Saudi bourse (Tadawul) on Wednesday, Ash-Sharqiyah said it made several attempts to contact the client but received no response to date.
The contract’s termination will have no negative impact on the company’s financials, the statement said.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}