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."

NR

Recommended

The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
2 Feb 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
23 Jan 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023
Investing trends to watch out for in 2023: what analysts say
Investment strategy

Investing trends to watch out for in 2023: what analysts say

What are sensible strategies for high inflationary times? We ask analysts to find out.
22 Dec 2022

Most Popular

Best savings accounts – February 2023
Savings

Best savings accounts – February 2023

Interest rates on cash savings are making a comeback. We look at the best savings accounts on the market now
3 Feb 2023
The best one-year fixed savings accounts - February 2023
Savings

The best one-year fixed savings accounts - February 2023

Earn almost 5% on one-year fixed savings accounts.
3 Feb 2023
After slumping 42% last year, what's next for Scottish Mortgage?
Investment trusts

After slumping 42% last year, what's next for Scottish Mortgage?

After a spectacular couple of decades, the Scottish Mortgage Investment Trust fell by 42% last year. We take a look at the trust's performance and dis…
3 Feb 2023