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 |
Comments