News & Announcements

28 April, 2024 09:19

Meyar Co. Announces Purchase New Trucks

Element List	Explanation
Introduction	Meyar Company announces the purchase of (7) trucks with a total value of 2,621,920 Saudi riyals, including VAT.
Transaction Details	Purchase of (7) trucks, with a total value of 2,621,920 Saudi riyals, including VAT, by signing a vehicle financing contract in the leasing form with the Saudi Fransi Financial Leasing, in order to develop supply chains and raise its efficiency.
Transaction Value	2,621,920 Saudi Riyals, including VAT.
Transaction Terms	Nothing.
Parties of the Transaction	Saudi Fransi Financial Leasing. Meyar Saudi joint stock company.
Transaction Funding Method	Vehicle financing contract in the form of leasing with Saudi Fransi Financial Leasing
Transaction Execution Date	2024-04-25 Corresponding to 1445-10-16
Description of the Business of the Asset forming the Subject Matter of the Transaction	7 trucks to distribute the company's products.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	not applicable
Transaction reasons	Develop supply chains and raise its efficiency.
Expected Impact of the Transaction on the Company and Its Operations	The financial impact and its operations are expected to emerge during 2024.
Related Parties	none

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