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Meyar Co. Announces the Purchasing of Concrete Equipment.
9565
MEYAR
-6.31
%
1446/12/07 03/06/2025 08:24:34
| 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 |
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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Last Price 29.98
Net Change -2.02 (-6.31%)
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