Arabian Internet and Communications Services Company (SOLUTIONS) announces the signing of a number of contracts with Saudi Telecom Company (stc) (Related Party)
| Element List | Explanation |
|---|---|
| Introduction | Arabian Internet and Communications Services Company (SOLUTIONS) announces the signing of a number of contracts with Saudi Telecom Company (stc) (Related Party) to provide IT managing and logistical services for a number of projects. |
| Date of Announcement of the Award | 2022-12-01 Corresponding to 1444-05-07 |
| Contract Subject Matter | SOLUTIONS will provide services to supply and install servers and data storage centers, in addition to providing software licenses. SOLUTIONS will also provide managed service for design and implementation for a number of services owned by stc. |
| Date of Signing the Contract | 2022-12-01 Corresponding to 1444-05-07 |
| Contract Value | SAR 372,920,884 |
| Contract Details | The project scope includes the following:
• Supply and install servers and data storage centers, and its software licenses which are composed of: (Vmware, Redhat, and Microsoft). • Manage a number of services including (customers’ solutions delivery, customers’ service integration, customers’ demand, logistics and support services). • Update and replace Data servers. |
| Contract Duration | (36) months |
| Financial Impact and the Relevant Period | The financial impact on the company's financial statements will appear starting from the fourth quarter of the year 2022. |
| Related Parties | stc which considered the largest shareholder with an ownership of 79% of SOLUTIONS shares. |
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