Abdullah AM Khodari has announced that as part of an annual plan to upgrade its plant and equipment, it has signed a deal with an auction house to sell off surplus equipment.
The company has signed an agreement with Abdullah Fouad Holding Co’s Auction Division to host the sale, which will take place from December 25-27 at Al Khodari’s yard in Dammam.
“It is expected that the auction will have a positive impact on Q4/2012 financials,” the company said.
“The company will announce the results of the auction upon its completion.”
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