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Arabian Internet and Communications Services Company (solutions) announces the signing of a framework agreement with Digital Centers for Data and Telecommunications Company (Center3) (Related Party)
| Element List | Explanation |
|---|---|
| Introduction | Arabian Internet and Communications Services Company (solutions) announces the signing of a framework agreement with Digital Centers for Data and Telecommunications Company (Center3) to design and build the infrastructure for POD’s (Data Center Halls) and MMRs (Meet Me Rooms). |
| Date of Announcement of the Award | 2024-02-08 Corresponding to 1445-07-27 |
| Contract Subject Matter | Design and build the infrastructure for POD’s and MMRs. |
| The Entity with Which the Contract was Signed | Digital Centers for Data and Telecommunications Company (Center3) |
| Date of Signing the Contract | 2024-02-08 Corresponding to 1445-07-27 |
| Contract Value | SAR 150,000,000 as a maximum ceiling for the agreement. |
| Contract Details | The contract includes the following: • Procurement, design, and implementation of Cabinets and related accessories. • Procurement, design, and implementation of structured Cabling. • Procurement, design, and implementation of HAC (Hot Aisle Containment) doors and accessories. • Procurement, design, and implementation of DCiM (Data Center Infrastructure Management) solution and the related integrations. • Procurement, design, and implementation of active networks to support the DCiM solution and other solutions if applicable. • Procurement, design, and implementation of additional fit out items like cages, CCTV cameras, additional cable trays, cable baskets, etc. as per requirements. |
| Contract Duration | 3 years |
| Financial Impact and the Relevant Period | The financial impact on the company's financial statements will appear starting from the 2nd quarter of the year 2024. |
| Related Parties | Saudi Telecom Company (stc) which considered the largest shareholder for both solutions and Center3 with an ownership of 79% of solutions shares, and 100% of Center3 shares. |
| Additional Information | 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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