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Regulatory press release

Safe at Sea: New Distributor in the Kingdom of Saudi Arabia

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"We are very proud to announce that a new cooperation agreement has now been signed with one of Saudi Arabias largest company groups, Alkhorayef Commercial Group", says Henrik Hartman, CEO of Safe at Sea AB (publ).

Alkhorayef Commercial Group already today represent brands like Volvo, Volvo Penta, Yamaha, John Deere, Zodiac, MJP, Dräger etc. and have over 3500 employees within the group. Their marine division involves over 100 employees and their turnover for 2018 was 50 MUSD. Their main customers are tourist resorts, coast guard, navy, civil defense, offshore and sea rescue.

Alkhorayef Commercial Company, Marine Division is investing in a GuardRunner system and a commercial and practical operators training will be arranged for them in June on site.

Delivery date of the GuardRunner system is April 2019.  

Order value is approximately SEK 398.000. 

This information is information that Safe at Sea AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 15 April 2019.

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