Abdullah A. M. Al-Khodari Sons Co. has agreed with Abdullah Fouad Holding Co. to postpone the auction of surplus equipment that was to be held from May 8-10.
The auction has been delayed in order to complete the technical and administrative arrangements, the company said in a bourse statement.
Al-Khodari added it will announce the date of the auction in due time.
On April 24, the Tadawul-listed contractor had signed a deal with Abdullah Fouad Holding Co. to auction its surplus equipment at the Al-Khodari yard in Dammam.
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