Al-Khodari to auction surplus equipment

26/04/2015 Argaam

Abdullah Al-Khodari Sons Co. has signed a contract with the auction division of Abdullah Fouad Holding Company to auction its surplus equipment to be held between May 26-28 at Al-Khodari yard in Dammam, the company said in a statement to Tadawul on Sunday. 

 

The auction is part of the company’s plan to upgrade its plant and equipment. 

 

Al-Khodari expects the auction to have a positive impact on second quarter’s financial results. 

 

The company said it will announce results of the auction after it is completed.

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