Mayar Holding Company announces that its subsidiaries, “Saudi Drip Irrigation Company,” have signed a contract with Hunter Industries, an American company, on 04/02/2024 G, for the Saudi Drip Irrigation Company to manufacture “Hunter Industries” products. “For agricultural, residential and commercial irrigation systems, golf courses, water and energy saving solutions for irrigation systems, distribution technology and custom manufacturing sectors, at the company’s factory in Riyadh for a period of five years.
Date of Announcement of the Award
2024-02-04 Corresponding to 1445-07-23
Contract Subject Matter
Saudi Drip Irrigation Co will manufacture “Hunter Industries” products. “For agricultural, residential and commercial irrigation systems, golf courses, water and energy saving solutions for irrigation systems, distribution technology and customized manufacturing sectors, at the company’s factory
The Entity with Which the Contract was Signed
Hunter Industries, an American company
Date of Signing the Contract
2024-02-04 Corresponding to 1445-07-23
Contract Value
Unspecified value
Contract Details
Saudi Drip has been manufacturing Hunter Industries’ products for agricultural, residential, commercial, and golf irrigation systems, water and energy-saving solutions for irrigation systems, distribution technology, and custom manufacturing sectors for a period of five years.
Contract Duration
period of 5 years.
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 second quarter of year 2024G.
Related Parties
N/A
Additional Information
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 second quarter of year 2024G.
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