Meyar Co. Announces the Purchasing of Concrete Equipment.
| Element List | Explanation |
|---|---|
| Introduction | Meyar Company announces the purchase of Concrete Equipment with a total value of 3,047,500 Saudi Riyals, including VAT. |
| Transaction Details | Purchase of concrete equipment for a total value of SAR 3,047,500, including VAT, through a purchase contract with Sany International Commercial Development Co., Ltd., to increase production capacity to meet demand for the company's products. |
| Transaction Amount | 3,047,500 Saudi Riyals, including VAT. |
| Transaction Conditions | Nothing |
| Parties of the Transaction | SANY International Development Trading Co. LTD.
Meyar Saudi joint stock company. |
| Transaction Financing Method | Company's own resources. |
| Date of Entering Into The Transaction | 2025-06-02 Corresponding to 1446-12-06 |
| Description of Activity of The Asset Subject of The Transaction | Concrete Equipment to increase production capacity. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not Applicable. |
| Transaction reasons | Increase production capacity to meet demand for the company's products. |
| Expected Impact of the Transaction on the Company and Its Operations | The financial impact and its operations are expected to emerge during 2025. |
| Related Parties | None |
| Additional Information | None |
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