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Mohammed Hasan AlNaqool Sons Co. Announces the Purchasing of 12 trucks in the amount of 5,911,000 Saudi Riyals including VAT
9514
ALNAQOOL
-0.12
%
1447/11/30 17/05/2026 08:41:43
| Element List | Explanation |
|---|---|
| Introduction | Mohammed Hassan Al-Naqool Sons Company is pleased to announce to its shareholders that it has purchased (10) ten ready-mix concrete mixers in addition to (2) two ready-mix concrete pumps from Sany International Trading Development Company, in order to increase the production and sales capacity of the concrete plant to meet the growing demand for the company’s products. |
| Transaction Details | The deal involves the purchase of 12 trucks from Sany International Trading Development Company, with the following details: (10) ready-mix concrete mixers (2) ready-mix concrete pumps |
| Transaction Amount | 5,911,000 Saudi Riyals including VAT |
| Transaction Conditions | nothing |
| Parties of the Transaction | Buyer: Mohammed Hassan Al-Naqool Sons Company Seller: Sani International Trading Development Company |
| Transaction Financing Method | The deal will be financed through the company’s own resources and credit facilities that the company has previously obtained. |
| Date of Entering Into The Transaction | 2026-05-14 Corresponding to 1447-11-27 |
| Description of Activity of The Asset Subject of The Transaction | 12 trucks will be used to mix, pump and distribute ready-mix concrete at the company's customer sites. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not applicable |
| Transaction reasons | Expanding the scope of business and increasing production and sales capacity to meet the growing demand for concrete. |
| Expected Impact of the Transaction on the Company and Its Operations | The financial impact of this transaction is expected to appear during the second quarter of 2026. |
| Related Parties | nothing |
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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