Abdullah A. M. Al-Khodari Sons Company announces latest developments concerning its plant and machinery auction.
With reference to the earlier announcement of 27/04/2017, Abdullah A. M. Al-Khodari Sons Company announces the completion of the public auction held during 16- 18 May 2017. The Gross Sales Value of the equipment, that were sold in the auction, is SAR 43,102,173 (Forty Three Million One Hundred Two Thousand One Hundred Seventy Three Riyals). The Gross Profit Value is SAR 17,418,959 (Seventeen Million Four Hundred Eighteen Thousand Nine Hundred Fifty Nine Riyals). The financial impact of the auction results will be reflected in the second quarter of the current financial year.