By Kyle Morris
Zenova Group PLC said Tuesday that it has entered into an agreement with Ethmaar Investment Co. for the distribution of its thermal-insulation and fire-protection products in Saudi Arabia.
The London-listed provider of fire-safety and heat-management technology and products said that Ethmaar will place a first order valued at 116,000 pounds ($145,382) within three months of the agreement, and that it will order a minimum of GBP1.2 million in Zenova products within 12 months of the agreement.
Shares in Zenova at 0712 GMT were up 0.50 pence, or 3.2%, at 16.00 pence.
Write to Kyle Morris at [email protected]
