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Element List	Explanation
Introduction	Service Equipment Company announces the signing of an exclusive distribution agreement with Ravaglioli S.p.A – Italy, the owner of the RAVAGLIOLI brand, as part of the Company’s expansion strategy to strengthen its presence in the Saudi market.
Date of Announcement of the Award	2026-02-16 Corresponding to 1447-08-28
Contract Subject Matter	Under this agreement, Service Equipment Company has been granted exclusive distribution rights for RAVAGLIOLI products within the Kingdom of Saudi Arabia. The agreement covers a comprehensive range of vehicle service and maintenance equipment,
The Entity with Which the Contract was Signed	Ravaglioli S.p.A – Italy, a subsidiary of Vehicle Service Group (VSG),
Date of Signing the Contract	2026-02-16 Corresponding to 1447-08-28
Contract Value	The value of the agreement is contingent upon the volume and value of products purchased during agreement term.
Contract Details	Under this agreement, Service Equipment Company has been granted exclusive distribution rights for RAVAGLIOLI products within the Kingdom of Saudi Arabia. The agreement covers a comprehensive range of vehicle service and maintenance equipment, including: • Vehicle Lifts • Wheel Balancing Machines • Wheel Alignment Systems • Vehicle Inspection Lines • Tire and Wheel Service Equipment • Other Vehicle Service-Related Solutions
Contract Duration	Three years, starting from the date of signing the agreement.
Financial Impact and the Relevant Period	The positive financial impact of the agreement is expected to be reflected during agreement term, subject to the volume of products sold under the agreement.
Related Parties	N/A
Additional Information	This agreement aligns with the Company’s strategy to enhance its product portfolio by partnering with a leading European manufacturer of vehicle lifting and service equipment, thereby supporting business growth and strengthening its competitive position in the Saudi automotive service equipment market.

Service Equipment Co. Announces Contract Sign Off with Ravaglioli S.p.A – Italy, a subsidiary of Vehicle Service Group (VSG),