Sadr Logistics Co. — Capital/Financing Update 2021

Oct 3, 2021

Sadr Logistics Co. Announces Purchase factory in the value of 4.792 million Saudi riyals.

1832 · 03/10/2021 16:01:48 · Announcement #65037 · View on Saudi Exchange

Sadr Logistics Co. Announces Purchase factory in the value of 4.792 million Saudi riyals.

Element List	Explanation
Introduction	Sadr Company for Logistics Services is pleased to announce its purchase by public auction of a factory in the second industrial area in Riyadh affiliated with the Saudi Authority for Industrial Cities and Technology Zones at a value of SR4.792 million to operate the factory in the company's productive sectors.
Transaction Details	The plant was purchased by public auction and the purchase price paid off.
Transaction Value	4.792 million Saudi riyals.
Transaction Terms	Pay the value of the factory by public auction and contract for a period of 20 years for leasing from the Industrial Cities Authority.
Parties of the Transaction	Saudi Authority for Industrial Cities and Technology Zones.
Transaction Funding Method	The transaction was financed by the company's facilities with the Arab National Bank.
Transaction Execution Date	2021-10-03 Corresponding to 1443-02-26
Description of the Business of the Asset forming the Subject Matter of the Transaction	A 5516 square meter factory consisting of an administration building, a storage area and a production hall. The factory will be used to manufacture and produce the company's products.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	There is no financial data for the past years for the factory.
Transaction reasons	The company's need to expand its operational sectors and develop its production processes to meet the needs of customers and the increasing demand for its products.
Expected Impact of the Transaction on the Company and Its Operations	Expanding the manufacturing sector, increasing production capacity, acquiring a larger market share, and increasing the revenues and profits of the operating sectors.
Related Parties	Note that there are no related parties in this transaction.

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