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Future Vision Health Training Company announces the signing of a strategic agreement with AlMaarefa University to implement a national project for the development of competencies, with a value of up to 200 million SAR .
| Element List | Explanation |
|---|---|
| Introduction | Future Vision for Health Training Company announces the signing of an exclusive strategic agreement with AlMaarefa University to implement one of the largest digital training projects in the Kingdom of Saudi Arabia. With a total investment of up to 200 million Saudi Riyals, the project aims to train and qualify 50,000 beneficiaries over a three-year period. This agreement is part of the company’s ongoing strategy to launch impactful initiatives that enhance the efficiency of the national workforce and provide advanced training solutions in collaboration with leading educational institutions. Future Vision for Health Training Company affirms that this partnership represents a pivotal milestone in its journey, combining operational expertise with digital innovation in delivering training programs — further solidifying its role as a key provider of quality education in the Kingdom and the region. |
| Date of Announcement of the Award | 2025-07-28 Corresponding to 1447-02-03 |
| Contract Subject Matter | Signing of a strategic agreement between Future Vision for Health Training Company and AlMaarefa University to implement a national project for competency development, with a value of up to 200 million SAR . |
| The Entity with Which the Contract was Signed | AlMaarefa University |
| Date of Signing the Contract | 2025-07-28 Corresponding to 1447-02-03 |
| Contract Value | SAR 200 million |
| Contract Details | Signing of a strategic agreement between Future Vision for Health Training Company and AlMaarefa University to implement a national project for competency development, with a total value of approximately 200 million Saudi Riyals, targeting the training and qualification of 50,000 beneficiaries over a period of three years. |
| Contract Duration | 3 years |
| Financial Impact and the Relevant Period | The agreement is expected to have a positive financial impact on the revenues of Future Vision for Health Training Company starting from the fourth quarter of the 2025 fiscal year, as it will contribute to diversifying income sources and enhancing operating revenues through the delivery of professional training programs. This partnership is also expected to reflect positively on the company’s financial performance in a gradual and accelerating manner throughout the three-year project implementation period. Any material developments related to the execution of this agreement will be disclosed in due course. |
| Related Parties | There are no related parties involved in this agreement. |
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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