On July 8, 2026, Mohammed Hassan Al-Naqool Sons Company announced that its wholly-owned subsidiary, Sadan Industrial Company, has signed a purchase agreement with Saudi Diesel Equipment Company to acquire 50 new Daewoo trucks (model 2026) for SAR 14,895,000 excluding VAT. The trucks will be received in stages based on Sadan's operational needs and market conditions, and the transaction will be financed through the company's own resources and existing credit facilities. The acquisition aims to expand Sadan's operational fleet, meet growing demand for transportation and logistics services, and support the Group's broader strategic objectives, with the financial impact expected to be reflected in the third quarter of 2026.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.