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Meyar Co. Announces Purchase New Trucks
9565
MEYAR
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1445/10/19 28/04/2024 09:19:47
| 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 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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