Sadr Logistics Co. — Capital/Financing Update 2023

Jun 1, 2023

Sadr Logistics Company announces the signing of a contract renewal to provide its services to the National Aquaculture Group (NAQUA)

1832 · 01/06/2023 09:11:57 · Announcement #74122 · View on Saudi Exchange

Sadr Logistics Company announces the signing of a contract renewal to provide its services to the National Aquaculture Group (NAQUA)

Element List	Explanation
Introduction	Sadr Logistics Company announce, in light of its endeavor to develop and develop the warehousing services sector for customers and achieve sustainability, announces the renewal of a contract to provide its services to the National Aquaculture Group (NAQUA) for a period of three years.
Date of Announcement of the Award	2023-05-31 Corresponding to 1444-11-11
Contract Subject Matter	Logistics services represented in the frozen storage of customer products.
Date of Signing the Contract	2023-05-31 Corresponding to 1444-11-11
Contract Value	The contract value is 55.627 million Saudi riyals.
Contract Details	Under the contract, the company stores the products of the National Aquaculture Group in its refrigerators in Jeddah and provides all the necessary logistical services to the customer.
Contract Duration	The contract period is 37 months.
Financial Impact and the Relevant Period	The financial impact begins during the third quarter of this year 2023 until the end of the contract in August 2026.
Related Parties	Note that there are no related parties in this contract.

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