MEYAR

28 April, 2024 09:19

Meyar Co. Announces Purchase New Trucks

Element ListExplanation
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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