Eruma shares nearly double on deal with new partner
Eruma, an AIM-listed company which provides counter terrorism, intruder prevention and intelligent lighting solutions, saw its share leap 92 per cent after it appointed Saudi Technical Support (STS) as its exclusive distribution partner in a bid to drive sales and installation of its 'Secur' portfolio.
Eruma, an AIM-listed company which provides counter terrorism, intruder prevention and intelligent lighting solutions, saw its share leap 92 per cent after it appointed Saudi Technical Support (STS) as its exclusive distribution partner in a bid to drive sales and installation of its 'Secur' portfolio.
STS, which is based in the Kingdom of Saudi Arabia (KSA), is specialised in electro-mechanical contracting and trading, which is suited to the growing blast protection solutions market, which is increasing in the Middle East due to several factors affecting the stability of many countries and their economies.
Eruma Chief Executive Wayne Money said: "KSA is a significant market for us. This is our second country-specific partnership focused on promoting Secur abroad and we are delighted to be working with a company of such stature as STS in Saudi Arabia."
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Higher rates are disappearing – should you fix your savings?
Fixed savings rates have dropped to their lowest levels in over a year. Should you fix your savings now ahead of a potential base rate cut in November?
By Katie Williams Published
-
Nine million people fall victim to financial scams, says Citizens Advice
The charity says that around one in five people across the UK have been caught out by a finance scam in the past year - here is how to protect your money
By Chris Newlands Published