Saudi Television Manufacturing Company (Saudi-SAT) has concluded an exclusive dealership agreement with Egypt- SAT Company under which 15,000 televisions manufactured by Saudi- SAT will be exported to Egypt in 2005 for SR60 million.
Ghazi Shalhoub, Chairman of the board of directors of Saudi-SAT told Arab News that "These will be the first Saudi appliances in the Egyptian market and the first batch will be shipped next week."
Saudi-SAT was established in 1998. It has a manufacturing site in Jeddah which cost some SR600 million, according to Shalhoub. In the past, the company exported its products to Sudan and Syria.
