Al-Khodari plans auction sale of surplus equipment in March
Abdullah A. M. Al-Khodari Sons (Al-Khodari) has announced that it is planning to conduct an auction sale of surplus equipment between 15 and 17 March, which the company expects will have a positive impact on the company’s profitability in 1Q2016. The auction’s results will be announced upon its conclusion. Our numbers incorporate SAR41 million in non-operating income in 2016 (SAR48 million in 2015), whose biggest constituent is auction sale of surplus equipment. The company has historically conducted two auctions per year. (Tadawul)
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