Riyadh – Mubasher: Arabian Internet and Telecommunication Company (solutions) has inked a contract worth SAR 195 million with Saudi Telecom Company (stc) to renew Oracle software licence for three years.

Under the 36-month contract, solutions will carry out all the works and services required to execute the Oracle Software licence project, according to a recent bourse disclosure.

Moreover, solutions expected that the agreement would reflect on its financials starting from the second quarter (Q2) of 2022.

It is worth noting that the two parties penned several contracts at a combined value of SAR 156.18 million last December.