Arabian Internet and Communications Services Company (solutions) announces the signing of a contract with Saudi Telecom Company (stc) (Related Party)
| Element List | Explanation |
|---|---|
| Introduction | Arabian Internet and Communications Services Company (solutions) announces the signing of a contract with Saudi Telecom Company (stc) (Related Party) to renew the contract of bulk-SMS service and linking it to the Short Message Service Center (SMSC) of stc, and offering bulk-SMS services to solutions customers. |
| Date of Announcement of the Award | 2024-01-25 Corresponding to 1445-07-13 |
| Contract Subject Matter | Bulk SMS service (normal and gold) through the Short Message Service Center (SMSC). |
| The Entity with Which the Contract was Signed | Saudi Telecom Company (stc) |
| Date of Signing the Contract | 2024-01-25 Corresponding to 1445-07-13 |
| Contract Value | SAR 120,000,000 |
| Contract Details | •Providing bulk-SMS service offered by stc.
•Connecting solutions devices to the Short Message Service Center (SMSC) of stc. |
| Contract Duration | (24) Months |
| Financial Impact and the Relevant Period | The financial impact on the company's financial statements will appear starting from the 1st quarter of the year 2024. |
| Related Parties | stc which considered the largest shareholder with an ownership of 79% of solutions shares. |
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