Alshehili signs 2 contracts with NAQEL Express for SAR 15.1M
According to a statement to Tadawul, under the first contract the company will prepare, manufacture, and supply 51 curtain trailers within four months from the purchase order date, for SAR 8.8 million.
The relevant financial impact is expected to appear in 2025, the statement added.
In a separate statement to Tadawul, the company pointed out that, under the second contract, it will manufacture 172 boxes, divided into three types based on the client's requirements. Some will be curtain boxes, others sliding door boxes, and the remainder will be steel boxes with sides that open downward. The value of the second contract is SAR 6.3 million.
The financial impact of the second contract is expected to be reflected in H2 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Argaam
3 hours ago
- Argaam
ADES International to acquire Shelf Drilling shares through cash merger
ADES International Holding, Ltd., a subsidiary of ADES Holding Co. signed an agreement and to acquire all issued and outstanding shares of Shelf Drilling, Ltd. through a cash merger, according to a statement to Tadawul. This will take place under the laws of the Cayman Islands between ADES International Cayman ('BidCo'), a wholly owned subsidiary of ADES, and the Shelf Drilling. At completion, all Shelf Drilling shares will be cancelled for a consideration in cash of NOK 14.00 per share to the Shelf Drilling shareholders pursuant to a plan of merger entered into between Shelf Drilling, ADES and BidCo.
Argaam
3 hours ago
- Argaam
View signs SAR 122M residential tower development contract in Riyadh
View United Real Estate Development Co. signed today, Aug. 5, a SAR 122 million contract to develop a residential tower in Riyadh with Yousef Al-Hazeem. In a statement to Tadawul, the company said the contract spans 30 months, starting from the issuance date of the off-plan sales license. The contract aims to establish a residential real estate project and will have a financial impact on the projects under development line item during the development, execution, and sales phases. The company expects a positive impact on revenues once sales operations commence, following the receipt of the necessary approvals and licenses. There are no related parties to the contract, the statement added.
Arab News
18 hours ago
- Arab News
Closing Bell: Saudi main index closes up at 10,839
RIYADH: Saudi Arabia's Tadawul All Share Index edged higher on Monday, gaining 6.35 points, or 0.06 percent, to close at 10,839.45. The total trading turnover of the benchmark index reached SR4.92 billion ($1.31 billion), with 138 stocks advancing and 110 declining. The Kingdom's parallel market Nomu also closed in positive territory, rising 135.55 points, or 0.51 percent, to settle at 26,891.39, as 41 stocks advanced while 38 retreated. Meanwhile, the MSCI Tadawul 30 Index slipped marginally, losing 1.41 points, or 0.10 percent, to end at 1,397.24. The best-performing stock of the day was Tourism Enterprise Co., whose share price rose 9.57 percent to SR1.03. Other top performers included SICO Saudi REIT Fund Unit, which climbed 7.58 percent to SR4.40, and Takween Advanced Industries Co., which gained 6.56 percent to close at SR8.29. Perfect Presentation for Commercial Services Co. rose 5.56 percent, while Amana Cooperative Insurance Co. gained 5.15 percent. Nice One Beauty Digital Marketing Co. registered the steepest decline, falling 9.97 percent to SR26.74. Other notable declines came from Thimar Development Holding Co., down 5.84 percent to SR36.42, and Al Etihad Cooperative Insurance Co., which dropped 5.56 percent to SR11.71. Herfy Food Services Co. and BAAN Holding Group Co. also ended the day lower, falling 5.20 percent and 4.74 percent. On the announcement front, the Saudi Exchange Co. has approved SNB Capital's application to conduct market-making activities on Almasane Alkobra Mining Co. and Waja Co., effective from July 30. According to the exchange, SNB Capital's obligations as a market maker for Almasane Alkobra Mining Co. include maintaining a minimum presence of orders at 70 percent, a minimum size of 75,000 units, and ensuring a maximum spread of 0.75 percent. Additionally, the market maker must achieve a minimum value traded of at least 5 percent. For Waja Co., SNB Capital is required to uphold a minimum presence of orders at 50 percent, with a minimum size of 50,000 units and a maximum spread of 5 percent. There is no minimum value traded requirement for Waja Co. The company will perform its duties in line with the Market Making Regulations and the Market Making Procedures set by the Saudi Exchange Co.
