Atlas Elevators inks exclusive contract with FUJIHD Elevator

Logo of Atlas Elevators Co.

Elevators Co. General Trading and Contracting signed, on Jan. 12, an exclusive contract with elevator supplier FUJIHD.

The contract value cannot be calculated at present and depends on the value of products sold between 2025 and 2030, Atlas Elevators said in a statement to Tadawul.

The five-year contract makes Atlas Elevators the authorized agent for FUJIHD in Saudi Arabia, including for all discussions, negotiations and marketing activities necessary to sell FUJIHD products.

Atlas Elevators will also provide full support for the implementation of after-sales services, installation, maintenance and supply of elevator spare parts for FUJIHD brand products.

The financial impact is expected to have a positive impact on the results during the first half of 2025, the statement added.

FUJIHD is one of the world's leading companies in manufacturing elevators and escalators and is famous for its advanced technology and high quality. FUJIHD brand is becoming increasingly popular in the market due to good service, user-friendly design and excellent performance.

No related parties are included in the deal, the company further indicated.