Hi Community,
Can anyone explain to me why it’s taking so long for a company like KRBL to find a partner in Saudi Arabia- Is there some resistance from the government?
They have been delaying it for last two quarters, which is hurting their business drastically.
Hi,
I dont think its due to government…in fact their of appointing distributor is more than 2 qrt old. They have been scouting for long, they are not getting someone who does business on their terms. After long they did appoint one, but that disbt. didnt perform as per the agreement and in fact sued KRBL. That didnt hold, the relationship is no longer in place and they are back to square one in terms of finding a new distb.
Disc: invested
From what I recall from the investor transcripts, It’s due to KRBL policy of offering no credit to distributors and they don’t want to compromise on it which makes it difficult.
