Sadr Logistics Signs SAR 3.5M Related-Party Wooden Pallets Deal
SADR 1832.SA | 0.00 |
On August 10, 2026, Sadr Logistics Co(1832.SA) announced the signing of a related-party contract with Saudi Ceramic Company for the supply of wooden pallets, valued at SAR 3,534,640 (inclusive of VAT). The contract forms part of a broader project for the supply and installation of advanced storage systems for Saudi Ceramic Company's central warehouses in Riyadh, which was previously announced on April 30, 2026. The agreement carries a duration of 4 months, running until December 2026, with the financial impact expected to be reflected during the third and fourth quarters of fiscal year 2026. A related-party interest exists through the CEO, Eng. Majed bin Abdullah Al-Issa, who serves as a Non-Executive Board Member of Saudi Ceramic Company; the contract will be presented to the General Assembly for approval in accordance with applicable regulatory procedures.
Original announcement:
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