The distributor agreement for Saudi Arabia with Ajlan & Bros is terminated
Calmark Sweden AB (publ) announced today that the exclusive distributor agreement for the Saudi Arabian market with the company Ajlan & Bros Holding Group Abilitii will not continue.
The agreement was signed on August 9, 2022, and an initial order was received a month later on September 8. Ajlan Bros is undergoing organizational changes which means that Calmarks launch has not received the desired focus. The agreement is therefore terminated by mutual decision.
The search for a new distributor for Saudi Arabia has started.
Every care has been taken in the translation of this document. In the event of discrepancies, the Swedish original will supersede the English translation.
This disclosure contains information that Calmark Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 19-01-2023 16:40 CET.
