Atlas Elevators, Safa Investment inks cooperation pact

Logo of Atlas Elevators General Trading and Contracting Co.

Atlas Elevators General Trading and Contracting Co. signed today, Dec. 31, a four-year cooperation contract with Safa Investment Co., expecting a positive financial impact on its results in the first half of 2025.

In a statement to Tadawul, the company said that the goal aims to create mutual benefits for both parties.

Safa Investment will benefit from special pricing on Atlas Elevators' products, while Atlas Elevators' products will be promoted through Safa Investment’s projects.

This collaboration is expected to boost sales in Saudi Arabia and support Atlas Elevators’ strategic objectives.

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In a separate statement to Tadawul, Atlas Elevators clarified that the contract value cannot be precisely determined, as it is subject to the supply and demand for the company’s products over the contract term.

There are no related parties involved in the agreement.

The contract outlines that Atlas Elevators will offer special pricing and necessary discounts on its products. In return, Safa Investment will display the Atlas Elevators logo on the signage of its projects.