Al-Samaani Factory for Metal Industries Co. signed, on Sept. 13, a contract with Seera Group Holding to provide logistics services at a value of SAR 6.48 million.
The contract has a term of five months from the signing date, the company said in a bourse filing.
The contract includes supplying logistics storage solutions to Seera’s warehouses in several cities within the Kingdom.
The impact of this deal will be reflected on Al-Samaani’s financials in H2 2020 and Q1 2021, the firm said, adding there are no related parties.
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