Abdullah A.M. Al-Khodari Sons Co. has signed a contract with Abdullah Fouad Holding Company to auction its surplus equipment during the period Nov. 14-16 at Al-Khodari yard in Dammam, the company said in a statement on Tadawul.
The auction is part of the company’s plan to upgrade its plant and equipment.
Al-Khodari expects the auction to have a positive impact on fourth quarter financial results.
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