Alshehili signs 2 contracts with NAQEL Express for SAR 15.1M

Logo of Alshehili Co. for Metal Industries

Alshehili Co. for Metal Industries signed two contracts with NAQEL Express for the supply of curtain trailers and dry transport boxes, with a total value of SAR 15.1 million (VAT inclusive).

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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.

There are no related parties to any of the two contracts, the statement noted.