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30-Nov-2016

Almarai signs contract with Samnan Petroleum for electric diesel pumps 

Almarai (2280.SE) singed a contract with Samnan Petroleum Services, in which Samnan will supply electric diesel pumps (French Tokheim brand) to implement an electric fuel station for Almarai's transport division. The station consists of two strategic storage units with a capacity of 1.2 million liters each, which will be installed and manufactured on site, in compliance with the European systems and designs. This is the first station of its kind in the Kingdom. (Argaam)   Almarai: SAR65.77 as of 29 November 2016, Rating: Neutral, FV: SAR54.50 per share, MCap: USD14,031mn, ALMARAI AB / 2280.SE

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