Element List	Explanation
Introduction	Atlas Elevators Company for General Trading and Contracting is pleased to announce the signing of an agreement with Makannah Trading Company to provide supervision services for the development and modernization of equipment according to the requirements of work and production, and the selection of the necessary technical engineering staff to manage and operate the company’s factory, and supervise the operation of the factory with high efficiency, while participating in engineering and technical meetings, supervising the modernization and transfer of the company’s old factory, and cooperating with the company in its operational work, including bringing exclusive agencies and raw materials with the best quality and prices, and assisting in obtaining international certificates for products, including the ISO certificate, in order for the company to achieve its future plans and strategic goals that the company aspires to, and ensuring quality and operational performance.
Date of Announcement of the Award	2025-09-08 Corresponding to 1447-03-16
Contract Subject Matter	Providing supervisory and development services for the company's factory operations.
The Entity with Which the Contract was Signed	Maknanah Trading Company
Date of Signing the Contract	2025-09-08 Corresponding to 1447-03-16
Contract Value	400,000 Saudi Riyals, excluding value-added tax.
Contract Details	Under the agreement, Makannah Trading Company is committed to providing supervision services for the development and modernization of equipment according to the requirements of work and production, selecting the necessary technical engineering staff to manage and operate the company’s factory, supervising the operation of the factory with high efficiency, participating in engineering and technical meetings, supervising the modernization and transfer of the company’s old factory, cooperating with the company in its operational work, including bringing in exclusive agencies and raw materials of the best quality and prices, and assisting in obtaining international certificates for products, including the ISO certificate, and implementing all work according to the agreed upon technical and professional standards.
Contract Duration	four years
Financial Impact and the Relevant Period	The financial impact is expected to have a positive impact on the results over the term of the agreement.
Related Parties	nothing