Element List	Explanation
Introduction	Atlas Elevators for General Trading and Contracting Company is pleased to announce the signing of an agreement for the supply and installation of elevators with Al Diyar Advanced Real Estate Development and Investment Company as the main contractor for the implementation of the New House - Narcissus project, with the aim of achieving mutual benefits for both parties by Al Diyar Advanced Real Estate Development and Investment Company obtaining the services of installing and supplying elevators before Atlas Elevators for General Trading and Contracting Company and ensuring quality and performance according to the agreed specifications, which contributes to the implementation of the New House - Narcissus project, with the best quality and opening new horizons for the growth and expansion of both parties and achieving the strategic objectives of the company
Date of Announcement of the Award	2025-08-14 Corresponding to 1447-02-20
Contract Subject Matter	Supply and installation of elevators for the New House Al Narjis project according to purchase orders issued by Advanced Diyar Real Estate Development and Investment Company, in line with the project’s needs, with the aim of providing integrated, high-quality solutions in the field of elevators and mechanical systems, which enhances the position of both parties in the market and opens the way for more future opportunities.
The Entity with Which the Contract was Signed	Advanced Diyar Real Estate Development and Investment Company
Date of Signing the Contract	2025-08-14 Corresponding to 1447-02-20
Contract Value	2,753,100 including VAT.
Contract Details	Under this agreement, Atlas Elevators for General Trading and Contracting Company is committed to supplying and installing the agreed upon items at the specified times and locations based on the project schedule and in compliance with the Saudi Code specifications, to provide advanced and integrated solutions in the field of elevators and mechanical systems and to ensure the best technical and safety standards in implementing and supporting the project, which enhances its competitive position in the market and achieves the interests of both parties.
Contract Duration	Four months (120 days)
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