Riyadh – Mubasher: Mohammed Hasan Al Naqool Sons Company has acquired 12 specialized heavy vehicles from the commercial and construction development company SANY Group at a value of approximately SAR 5.91 million, according to a bourse filing.
The strategic move is designed to significantly enhance Al Naqool’s production and sales capacity within its concrete division.
By expanding its logistical and operational fleet, the Saudi listed company aims to address the increasing market demand for ready-mix concrete products across its service areas.
The procurement agreement will be financed through Al Naqool’s own resources and credit facilities that were previously obtained.
The deal involves the purchase of 10 concrete mixers and two concrete pumps. These assets are essential for the integrated operations of the company’s concrete plant, facilitating both the preparation and the specialized delivery of materials to client construction sites.
The seller SANY is a recognized international provider of industrial and construction machinery. This acquisition underscores the Saudi company’s commitment to utilizing high-specification equipment to maintain its competitive edge in the Saudi construction materials sector.
The transaction was formally recorded on 14 May 2026, under which Al Naqool opted for a dual-funding strategy, as the company will cover the cost of the acquisition through a combination of its own internal financial resources and existing credit facilities.
This approach allows the company to manage its liquidity effectively while simultaneously investing in long-term capital assets. The company has explicitly stated that there are no related parties involved in this transaction, ensuring that the deal was conducted on an arm’s length basis.
The financial implications of this fleet expansion are expected to manifest in the company’s fiscal reports during the second quarter (Q2) of 2026. As the new machinery is integrated into daily operations, the company anticipates a positive shift in its production efficiency and sales throughput.
Al Naqool elaborated that this fleet expansion represents a proactive step by the company to align its physical infrastructure with its growth objectives. By securing specialized machinery from a global developer, the company is positioning itself to capture a larger share of the construction market.
Furthermore, the investment reflects a broader strategy of scaling operations in response to the robust demand within the Saudi industrial sector, ensuring that the company remains capable of fulfilling large-scale supply contracts with improved logistical reliability.
