Elm Company announces the conclusion of the negotiation procedures related to the Social Case Surveying Project (Second Phase) with the Ministry of Human Resource and Social Development.
| Element List | Explanation |
|---|---|
| Announcement Detail | Elm Company announces the conclusion of the negotiation procedures with the Ministry of Human Resource and Social Development related to the Social Case Surveying Project. The Project was tendered by the Ministry of Human Resource and Social Development in cooperation with the National Center for Privatization as one of the Public-Private Partnership projects in accordance with the Private Sector Participation Law. Based on the announcement published by the Ministry, the awarding procedures to the company will be completed in accordance with the applicable laws. It should be noted that the duration of the project contract will be five years and the expected total revenues of the contract will be around 25% of the Company's revenues as per the audited annual financial statements for the year 2022. The Agreement does not specify a total fixed value and the value of the Agreement is determined by the number of the surveyed cases.
There is no legal or financial obligation towards the company during this stage unless the contract is signed, and the company will announce any material developments in this regard in accordance with the relevant rules and regulations. |
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