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It also involves installation and maintenance
Saudi Arabia’s Mayar Holding Company said on Wednesday it has signed a contract with an Iraqi firm to market and maintain its elevator products in the Arab country.
In a disclosure statement on Tadawul, Mayar said its Gulf Elevators and Escalators Company (GEEC) signed the deal with Iraq’s MidPoint Co ltd.
Under the three-year contract, MidPoint will “market, sell, install and maintain” GEEC products in Iraq, Mayar said, adding that the deal has no specific value and that it would have a long-term positive financial impact on Mayar starting from 2024. |
