Sprintex Signs Exclusive Saudi Arabia Distribution Agreement With Washnah

MT Newswires Live

Apr 29

Sprintex (ASX:SIX) said it has entered into an exclusive distribution agreement with Washnah for the supply of its G-Series, GA, and GR high-speed jet blowers across the entire Kingdom of Saudi Arabia, according to a Wednesday Australian bourse filing.

The company said the agreement appoints Washnah as its sole and exclusive distributor in Saudi Arabia, with performance-based exclusivity and minimum secured order commitments of $500,000 per year following regulatory approvals, with an initial term to March 31, 2029, and an option for a further two-year extension subject to milestone achievements.

Washnah has also submitted a tender for the King Salman International Airport Wastewater Treatment Works using exclusively Sprintex high-speed turbo blowers, representing an opportunity of over AU$5 million based on the supply only of Sprintex blower content, the filing added.

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