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Al Khodari gains SAR 17m profit from selling equipment

Al Khodari gains SAR 17m profit from selling equipment
(Photo archive)
Al Khodari
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Riyadh – Mubasher:  Abdullah Abdul Mohsen Al Khodari Sons announced selling equipment in a public auction for SAR 43.1 million ($11.5 million).

The auction achieved a gross profit of SAR 17.4 million ($4.64 million).

The financial impact of the auction's results will appear in the second quarter of 2017, according to a bourse filing on Sunday.

The company noted that the public auction was held between 16 and 18 May 2017.