Mayar Holding Company announces that one of its subsidiary companies, “Egypt Gulf Elevators & Escalators Co” has signed two contracts to supply and install elevators in the Arab Republic of Egypt with Total Air Projects Company to implement them within twenty-four months.

13 March 2024 09:01 AM

MAYAR 9568 -30.70% 3.95 -1.75

Element List	Explanation
Introduction	Mayar Holding Company announces that its subsidiary, “Egypt Gulf Elevators & Escalators Co” has signed two contracts to supply and install (1,200) elevators in the Arab Republic of Egypt, so that Egypt Gulf Elevators & Escalators Co will supply and install within twenty-four months.
Date of Announcement of the Award	2024-03-12 Corresponding to 1445-09-02
Contract Subject Matter	Supplying and installation 1200 elevators in the Arab Republic of Egypt within twenty-four months.
The Entity with Which the Contract was Signed	Total Air Projects Company
Date of Signing the Contract	2024-03-12 Corresponding to 1445-09-02
Contract Value	840 million Egyptian pounds, excluding value-added tax
Contract Details	Egypt Gulf Elevators & Escalators Co will be supplies and installs (1,200) one thousand and two hundred elevators with twenty-four months.
Contract Duration	Twenty-four months
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	N/A

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