BATC Investment and Logistics Company announces that its subsidiary (the Saudi Transport and Investment Company “Mubarrad” has signed a product transportation contract with the National Agricultural Development Company “NADEC”)

BATC Investment and Logistics Company announces that its subsidiary (the Saudi Transport and Investment Company “Mubarrad” has signed a product transportation contract with the National Agricultural Development Company “NADEC”)

Element List

Explanation

Introduction

BATC Investment and Logistics Company announces that its subsidiary (the Saudi Transport and Investment Company “Mubarrad” has signed a product transportation contract with the National Agricultural Development Company “NADEC”)

Date of Announcement of the Award

2024-03-28 Corresponding to 1445-09-18

Contract Subject Matter

Transportation of Products Contract By and Between MUBARRAD And Nadec

The Entity with Which the Contract was Signed

National Agricultural Development Co."NADEC"

Date of Signing the Contract

2024-03-28 Corresponding to 1445-09-18

Contract Value

The total contract value for the three-year period amounts to 32,221,800 Saudi riyals.

Contract Details

Transport NADEC company refrigerated, non-refrigerated, and dry products, through MUBBARAD fleet ( Trucks and trailers ) from and within Saudi Arabia to serve its customers in local, GCC, and other Arabian countries markets

Contract Duration

Three years, commencing on January 2024 and ending in December 2026.

Financial Impact and the Relevant Period

The financial impact on the company will be reflected throughout the three-year contract period, starting from January 2024 until December 2026.

Related Parties

NON

Additional Information