Mayar purchases 15 trucks at SAR 3.7 mln

Logo of Meyar Co.

The Nomu-Parallel Market-listed Meyar Co. announced the purchase of 15 trucks at a total value of SAR 3.69 million (VAT included) to distribute its products.

 

In a statement to Tadawul, the company said that the deal was made under a vehicle financing contract (leasing) signed with Al Rajhi Bank on Aug. 27. 

 

The transaction aims to develop and raise the efficiency of the company’s supply chain, the statement added, noting that the financial impact is expected to appear in 2024.

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