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Arabian Internet and Communications Services Company (solutions) announces the signing of a framework agreement with Saudi Aramco.
| Element List | Explanation |
|---|---|
| Introduction | Arabian Internet and Communications Services Company (solutions) announces the signing of a framework agreement with Saudi Aramco for Computing Devices. |
| Date of Announcement of the Award | 2024-03-10 Corresponding to 1445-08-29 |
| Contract Subject Matter | Providing, distributing, and maintaining the computing devices and its accessories for Saudi Aramco. |
| The Entity with Which the Contract was Signed | Saudi Aramco |
| Date of Signing the Contract | 2024-03-10 Corresponding to 1445-08-29 |
| Contract Value | Agreement value may exceed 5% of solutions’ revenues as per the latest audited annual financial statements for the year 2023. |
| Contract Details | The agreement includes the below: • Providing Saudi Aramco with computing devices and its accessories. • Distributing the devices and accessories through 3 warehouses covering all Saudi Aramco sites in the Kingdom of Saudi Arabia. • Providing qualified employees to maintain Saudi Aramco’s devices. |
| Contract Duration | 5 years |
| Financial Impact and the Relevant Period | The financial impact on the company's financial statements will appear starting from the Third quarter of the year 2024. |
| Related Parties | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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