Abdullah A. M. Al-Khodari Sons Company announces latest developments concerning its plant and machinery auction.
With reference to the earlier announcement of 19 February 2018, Abdullah A. M. Al Khodari Sons Company announces the completion of the public auction held during 27 February to 01 March 2018. The Gross Sales Value of the equipment, that were sold in the auction, is SAR 20,576,450 (Twenty Million Five Hundred Seventy Six Thousand Four Hundred Fifty Riyals). The Gross Profit Value is SAR 12,822,408 (Twelve Million Eight Hundred Twenty Two Thousand Four Hundred Eight Riyals). The financial impact of the auction results will be reflected in the first quarter of the current financial year.