Element List	Explanation
Introduction	The Saudi Industrial Export Company (SIEC) announces the signing of a non-binding Memorandum of Understanding on 20/09/1447 AH corresponding to 09/03/2026 AD with GTRONICS Company, with the aim of cooperation and partnership regarding the smart meters project in the Syrian Arab Republic.
Memorandum Signing Date	2026-03-09 Corresponding to 1447-09-20
Counterparty	GTRONICS Company & Significa Company
Memorandum Subject	Preparing a feasibility study for forming an alliance, defining the roles of the alliance members, and identifying funding sources for a project to supply and implement single-phase and three-phase smart electrical meters in the Syrian Arab Republic.
Memorandum Duration	This Memorandum shall become effective from the date of its signing and shall remain valid for a period of twelve (12) calendar months. This period may be extended or renewed for a similar duration upon agreement of both parties.
Related Parties	NONE
Financial Impact	There is no financial impact from the signing of this memorandum at present, and any financial impact will be announced at signing any future agreements or contracts.
Additional Information	The Saudi Industrial Export Company (SIEC) will announce any material developments regarding the potential transaction in due course.