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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