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Service Equipment Co. Announces Contract Sign Off with CEER Company
9633
SERVICE EQUIPMENT
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1447/08/28 16/02/2026 09:17:26
| Element List | Explanation |
|---|---|
| Introduction | Service Equipment Company announces the signing of a framework agreement with Ceer Company, a subsidiary of the Public Investment Fund (PIF) |
| Date of Announcement of the Award | 2026-02-15 Corresponding to 1447-08-27 |
| Contract Subject Matter | Framework Agreement between Service Equipment Company and CEER Company, for the purpose of defining the framework of understanding regarding the initial mutual obligations and rights between the two parties, for the supply of hand tool sets to CEER Company's maintenance centers. |
| The Entity with Which the Contract was Signed | CEER Company |
| Date of Signing the Contract | 2026-02-15 Corresponding to 1447-08-27 |
| Contract Value | The value of the Agreement shall be based on the value of purchase orders during the term of the Agreement, with a ceiling of SAR 3,050,013, excluding VAT. |
| Contract Details | This Agreement aims to support the Company’s expansion strategy and strengthen its presence in the Saudi market by contracting with one of the subsidiaries of the Public Investment Fund ) PIF( to supply hand tool sets to CEER Company’s maintenance centers. |
| Contract Duration | three (3) years commencing from the date of signing the Agreement. |
| Financial Impact and the Relevant Period | The effect shall reflect on the duration of the Agreement and shall be based on the tasks assigned and the value of the purchase orders during the term of the Agreement. |
| Related Parties | N/A |
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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