Batic refrigeration unit buys 90 MAN trucks to boost efficiency

Mubarrad strengthens its fleet with a new batch of MAN trucks

Batic Investments and Logistics Co.’s wholly-owned subsidiary, Saudi Transport and Investment Co. (Mubarrad), purchased 90 MAN 20-ton truck heads (2026 model) at a value equivalent to approximately 10% of the company’s net assets.

The contract was concluded with Haji Husein Alireza & Co. Ltd. on April 2, according to a statement to Tadawul.

The contract includes supply and delivery terms, payment, warranty, force majeure, and dispute resolution.

It entails supplying 90 trucks across Saudi Arabia, with delivery in Riyadh. The warranty will extend for two years—the first year with unlimited mileage, and the second year covering the powertrain. The contract is governed by the laws and regulations of Saudi Arabia.

The deal will be financed through the available banking facilities, in addition to cash flows generated from operations.

The contract aligns with Mubarrad’s strategy to upgrade its operating fleet and enhance asset efficiency, which will accordingly reduce operating costs, improve profit margins, and strengthen competitiveness.

The deal will likely support Mubarrad’s plans to restructure its operating fleet through the introduction of new units, enhance operational efficiency and fleet readiness, and improve service quality.

The company also seeks to increase capacity to meet growing demand in the land transport of pharmaceuticals, food, goods, and all products locally and regionally.

The contract is further expected to reflect positively on the company’s operating cost structure over the medium and long term, supporting enhanced profitability and sustainable financial performance.

There are no related parties involved, the statement added.