IssuerAnnouncementDetailsV2Portlet
Actions
KnowledgeNet Announces Strategic Partnership with Beltone for Brokerage and Custody System Modernization
| Element List | Explanation |
|---|---|
| Introduction | KnowledgeNet Co, announces the signing of TradeNet Brokerage System - Back office and Custody System contract for • Beltone Securities Brokerage • Beltone Securities Holding • Beltone Fixed Income |
| Date of Announcement of the Award | 2025-01-13 Corresponding to 1446-07-13 |
| Contract Subject Matter | To replace and modernize the existing brokerage and custody system to KnowledgeNet TradeNet Back office and Custody System. |
| The Entity with Which the Contract was Signed | • Beltone Securities Brokerage • Beltone Securities Holding • Beltone Fixed Income |
| Date of Signing the Contract | 2025-01-13 Corresponding to 1446-07-13 |
| Contract Value | The contract value is SAR 3,200,625 (Three million two hundred thousand six hundred twenty-five Saudi Riyals only). |
| Contract Details | KnowledgeNet strategic announce a new partnership with Beltone Securities Brokerage, Beltone Securities Holding, and Beltone Fixed Income to replace and modernize the current brokerage and custody management system with the TradeNet Back Office and TradeNet Custody systems. This project will provide a fully integrated software solution designed to manage, operate, monitor, and control all brokerage and custody operations with high efficiency and advanced automation |
| Contract Duration | Long term partnership and commitment to use TradeNet software perpetual license starting From January 2025 |
| Financial Impact and the Relevant Period | The contract is expected to have a positive financial impact on the company. |
| 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.
Share
Company Performance
Key Parameters
Last Price 9.49
Net Change 0.0 (0.0%)
Value Traded (Sar) 173.48
Volume Traded 17
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions