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Mayar Holding Company announces that one of its subsidiaries, “Gulf Elevators and Escalators Company Limited” “GEEC,” has signed an exclusive agency contract in the Republic of Iraq to market, sell, install and maintain the company’s products with an exclusive contract for a period of three years.
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MAYAR
0.00
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1445/06/07 20/12/2023 08:20:25
| Element List | Explanation |
|---|---|
| Introduction | Mayar Holding Company announces that one of its subsidiaries, “Gulf Elevators and Escalators Company Limited” “GEEC”, has signed an exclusive agency contract with MidPoint General Trade and Commercial Agencies Company “MidPoint Co Ltd”, in the Republic of Iraq to market, sell, install and maintain the company’s products of elevators and escalators, through a contract Exclusive for three years. |
| Date of Announcement of the Award | 2023-12-19 Corresponding to 1445-06-06 |
| Contract Subject Matter | MidPoint Company for General Trade and Commercial Agencies “MidPoint Co Ltd” markets, sells, installs and maintains Gulf Elevators and Escalators Limited’s products of elevators and escalators in all regions of the Republic of Iraq for a period of three years. |
| Date of Signing the Contract | 2023-12-19 Corresponding to 1445-06-06 |
| Contract Value | Unspecified value |
| Contract Details | MidPoint Company for General Trade and Commercial Agencies “MidPoint Co Ltd” markets, sells, installs and maintains Gulf Elevators and Escalators Limited’s products of elevators and escalators in all regions of the Republic of Iraq for a period of three years. |
| Contract Duration | period of 36 months. |
| Financial Impact and the Relevant Period | The financial impact of this will be positive in the long term, and it is expected that the financial impact on the financial results of Mayar Holding Company will begin as of the first half of fiscal year 2024 G. |
| Related Parties | N/A |
| Additional Information | The agency is exclusive to the Republic of Iraq only |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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