With reference to the approval of the Second Ordinary General Assembly on 18th of July 2012 for all the contracts in which the Companys Board Members (Mr.Jamil Alkhodari, Mr.Fawwaz Alkhodari, Mr. Ali Alkhodari, and Mr.Naif Al Khodari) have interests; and the authorization of these contracts for the coming one year, Abdullah A. M. Al-Khodari Sons Company announces the signing of all these contracts on 23/07/2012 as follows:
1-Unit Rate Master Agreement with ALKHODARI HEAVY INDUSTRIES (some of whose shares are indirectly owned by Mr. Jamil Alkhodari, Mr. Fawwaz Alkhodari, Mr. Ali Alkhodari, and Mr.Naif Al Khodari, members of the Board of Directors) for the purpose of providing the Company with its steel fabrication requirement. The term of this agreement is one year renewable.
2-Unit Rate Master Agreement with ALKHODARI SONS & LV SHIPPING LOGISTICS LTD (some of whose shares are indirectly owned by Mr. Jamil Alkhodari, Mr. Fawwaz Alkhodari, Mr. Ali Alkhodari, and Mr. Naif Al Khodari, members of the Board of Directors) for the purpose of providing the Company with customs clearance and transportation services. The term of this agreement is one year renewable.
3-Unit Rate Master Agreement with ALKHODARI INDUSTRIAL TRADING & SERVICES (some of whose shares are indirectly owned by Mr. Jamil Alkhodari, Mr. Fawwaz Alkhodari, Mr. Ali Alkhodari, and Mr.Naif Al Khodari, members of the Board of Directors) for the purpose of providing the Company with industrial machinery and equipments. The term of this agreement is one year renewable.
4-Unit Rate Master Agreement with MACE SAUDI ARABIA COMPANY LIMITED (some of whose shares are indirectly owned by Mr. Jamil Alkhodari, Mr. Fawwaz Alkhodari and Mr. Ali Alkhodari, members of the Board of Directors) for the purpose of hiring heavy & light duty equipments and providing the Company with the services of manufacturing & welding pipe joints. The term of this agreement is one year renewable. (Continuation)
5-Sales Contract with MACE SAUDI ARABIA COMPANY LIMITED (some of whose shares are indirectly owned by Mr. Jamil Alkhodari, Mr. Fawwaz Alkhodari and Mr. Ali Alkhodari, members of the Board of Directors) for the purpose of buying Light & Heavy duty equipment and light duty vehicles & portables.
6-Unit Rate Master Agreement with FLEET TRACKING TECHNOLOGIES (some of whose shares are owned by Mr Fawwaz Abdullah Al Khodari, member of the Board of Directors) for the supply of fleet tracking system and its related technical support.
7-Unit Rate Master Agreement with FLEET TRACKNG TECHNOLOGIES (some of whose shares are owned by Mr Fawwaz Abdullah Al Khodari, member of the Board of Directors) for the lease of fleet tracking system and its related technical support. The term of this agreement is one year renewable.
It is worth mentioning that all of these contracts have been made based on high standards of performance of these companies. These contracts are not of material interest to the company as much as being of valuable support to it
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