Iplayco, the Canadian company that has sold play structures to over 50 countries and to 16 different markets and also owns and operates The Great Escape family entertainment centre in Langley, BC., has announced significant new sales agreements.
The company has signed new deals valued at around C$948, 000 to design, manufacture and install a large indoor play structure for a customer in the US. These agreements follow another two with a US customer worth C$2.1 million, as well as an $8.8m investment by one of Iplayco’s biggest customers in Saudi Arabia.
Iplayco anticipates significant business expansion in the near future having finalised a “massive private placement” with Saudi FAS Holding Company and its British Columbia subsidiary, FAS Entertainment B.C. (FAS). FAS is a Saudi investor group which owns a significant stake in Fawaz Abdulaziz Al Hokair, a C$6 billion retail conglomerate which owns Arabian Centres Company, the largest builder of shopping malls in Saudi Arabia and Iplayco’s largest customer. FAS, via Al Hokair and Arabian Centres, plans to roll out hundreds of its Billy Beez family entertainment centres worldwide, through Iplayco.