DRONESHIELD - Stock Of The Day - The Call - ******, page-43

The good news is, Saudi will pay.

The bad news is, I have seen situations when the economic cards are down in Saudi and they take up to 2 years to pay.

Many projects are on hold in Saudi due to Corona, and government spending has been cut over many sectors. I am aware of cases where orders have been placed on Vendors and the Vendors have since been advised that no payment will be paid for at least a year. (I have seen it take as long as 2Yrs Example = 2008-2010).

Vendor's don't like it however they put up with it because when the cards turn, they eventually get paid and also receive many more orders which are paid in accordance with contract terms when times are good.

Oil drives Saudi and this years forecast spending has certainly taken a hit, therefore their bank accounts are currently looking a bit grim.

Good years coming guys and gals.