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A Saudi company signs a contract to market, sell, install and maintain elevators in Iraq
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Economy News - Baghdad
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Added 12/20/2023 - 9:48 AM
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Economy News - Baghdad
Mayar Holding Company “Mayar” announced that one of its subsidiaries, “Gulf Elevators and Escalators Company Limited” “GEEC,” signed an exclusive agency contract yesterday, Tuesday, December 19, 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, with an exclusive contract for three years.
The company explained, according to a statement issued today, Wednesday, that according to the contract, MidPoint Company for General Trade and Commercial Agencies “MidPoint Co Ltd” will market, sell, install and maintain 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, indicating that The contract value is not specified.
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.
The company stated that the financial impact and the period over which it will be reflected 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 the fiscal year 2024, indicating that there are no related parties.
Views 29
Added 12/20/2023 - 9:48 AM
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