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BATC Investment and Logistics Company announces that its subsidiary (the Saudi Transport and Investment Company “Mubarrad” has signed a product transportation contract with the National Agricultural Development Company “NADEC”)
| Element List | Explanation |
|---|---|
| Introduction | BATC Investment and Logistics Company announces that its subsidiary (the Saudi Transport and Investment Company “Mubarrad” has signed a product transportation contract with the National Agricultural Development Company “NADEC”) |
| Date of Announcement of the Award | 2024-03-28 Corresponding to 1445-09-18 |
| Contract Subject Matter | Transportation of Products Contract By and Between MUBARRAD And Nadec |
| The Entity with Which the Contract was Signed | National Agricultural Development Co."NADEC" |
| Date of Signing the Contract | 2024-03-28 Corresponding to 1445-09-18 |
| Contract Value | The total contract value for the three-year period amounts to 32,221,800 Saudi riyals. |
| Contract Details | Transport NADEC company refrigerated, non-refrigerated, and dry products, through MUBBARAD fleet ( Trucks and trailers ) from and within Saudi Arabia to serve its customers in local, GCC, and other Arabian countries markets |
| Contract Duration | Three years, commencing on January 2024 and ending in December 2026. |
| Financial Impact and the Relevant Period | The financial impact on the company will be reflected throughout the three-year contract period, starting from January 2024 until December 2026. |
| Related Parties | NON |
| Additional Information | The signature of the contract were completed, and received at the end of Thursday, March 28, 2024 |
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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