Aldrees purchases 260 new trucks and 220 Trailers

In its meeting held on the evening of Tuesday, 16 April 2013, the Board of Directors of Aldrees Petroleum and Transport Services Company (ALDREES) approved the purchase of 260 Mercedes Trucks and 220 trailers with a total value of SAR 103 million Saudi riyals as part of the modernization plan and strengthening of the transport fleet. Such will be financed through Islamic (Murabaha) bank facilities from Riyad Bank and Albilad Bank payable in 48 months and these trucks and trailers are expected to be in the operational phase during the second quarter and the financial impact will be in the third quarter of the current year 2013, Will be announced later on any developments as they become available