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Service Equipment Co. Announces agreement Sign Off with Valvoline Arabia Lubricants Company
| Element List | Explanation |
|---|---|
| Introduction | Service Equipment Company announces the signing of a supply agreement with the Valvoline Arabia Lubricants Company |
| Date of Announcement of the Award | 2026-07-15 Corresponding to 1448-02-01 |
| Contract Subject Matter | A supply agreement under which Service Equipment Company is appointed as a supplier to provide automotive maintenance equipment to Valvoline Arabia Lubricants Company. |
| The Entity with Which the Contract was Signed | Valvoline Arabia Lubricants Company |
| Date of Signing the Contract | 2026-07-15 Corresponding to 1448-02-01 |
| Contract Value | The value of the agreement is subject to the volume and value of products supplied under purchase orders issued during the term of the agreement. |
| Contract Details | Under this Agreement, Service Equipment Company shall act as the supplier for the provision of equipment to Valvoline Arabia Lubricants Company. The scope of supply includes automotive maintenance equipment, including oil service equipment and its accessories, such as tanks, pumps, hose reels, and other related equipment. The Agreement also extends to include installation and commissioning services, ensuring that the equipment is fully operational and performs efficiently. |
| Contract Duration | Starting from the agreement signing date of July15, 2026, the agreement shall be valid for a period of 12 months and shall be automatically renewed thereafter. |
| Financial Impact and the Relevant Period | This Agreement is entered into as part of the Company's strategy to strengthen its market presence, enhance its competitive capabilities, and expand its footprint within the Saudi Arabian market. |
| 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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