“Al Munif” signs a contract to purchase “50 truck heads” worth 7.87 million riyals
Last Thursday, Al Munif Trading, Industry, Agriculture and Contracting Company signed a contract with the Chinese company Shanxi for its Shacman brand.
The company said in a statement on its website "Saudi Arabia trading"The contract is to purchase 50 trailer heads, model 2026 AD.
According to the statement, this step comes in accordance with the company’s strategy 2026-2030.
She added that the value of the contract is estimated at approximately 7.875 million riyals, with payment being made within 360 days according to the following division: 20% upon signing the contract, 20% after 180 from the date of the bill of lading, and 30% after 270 days from the date of the bill of lading, and 30% after 360 days from the date of the bill of lading.
She explained that the duration of the contract: one year, and it is expected that the financial impact will be reflected in the second quarter, third quarter, and fourth quarter of the year 2026.
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