Riyadh – Mubasher: Alshehili Metal Industries Company has issued an addendum to its previous market disclosure regarding a significant commercial contract with Almarai Company, according to a bourse disclosure.
The update confirms a reduction in the scope of a purchase order originally announced on 22 June 2026. Following a formal notification from Almarai, the total number of units to be manufactured has been decreased, resulting in a revised contract value of approximately SAR 9.57 million, excluding value-added tax.
Alshehili initially received a purchase order from Almarai for the manufacturing of 377 refrigerated trailers. This original agreement was valued at SAR 11.78 million, excluding VAT.
The contract represented a notable industrial engagement between the metal manufacturing specialist and the regional food and beverage giant.
However, in a subsequent development dated 25 June 2026, Alshehili received official notification from Almarai requesting a reduction in the manufacturing volume.
The amendment involves the cancellation of 73 refrigerated trailers from the original order. This reduction represents a decrease of approximately SAR 2.21 million in the total value of the transaction.
As a result of this adjustment, the final approved purchase order now stands at 304 refrigerated trailers. The total financial consideration for the revised manufacturing scope is confirmed at SAR 9.56 million, excluding VAT.
The company clarified that this addendum serves to update the market on the current status of the commercial agreement and ensures transparency regarding the total expected revenue from this specific order.
The company has not provided specific details regarding the operational reasons behind Almarai’s decision to scale back the order.
Furthermore, Alshehili noted that there is no additional information currently available regarding the immediate financial impact beyond the direct reduction in the purchase order value.
The company remains committed to fulfilling the revised order of 304 units according to the agreed-upon technical specifications and delivery timelines.
To maintain open communication with its stakeholders and the investment community, Alshehili has invited shareholders and interested parties to contact its Investor Relations department for further inquiries. The company provided a dedicated telephone line and an official compliance email address to handle any clarifications related to this contract amendment.
