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Alqemam for Computer Systems Co. Announces Contract Sign Off with Afaq Saher Contracting Est for 7,331,250 SAR

ALQEMAM 9558 -2.50% 117.00 -3.00
Element List Explanation
Introduction Alqemam for Computer Systems Co. announces contract sign off with Afaq Saher Contracting Est for 7,331,250 SAR to implement information technology services with technical support and operations for licenses, digital platforms, network, and information technology infrastructure for one of its clients
Date of Announcement of the Award 2024-04-22 Corresponding to 1445-10-13
Contract Subject Matter Implementation of Information Technology Services with Technical Support and Operations for Licenses, Digital Platforms, Network, and Information Technology Infrastructure
The Entity with Which the Contract was Signed Afaq Saher Contracting Est
Date of Signing the Contract 2024-04-22 Corresponding to 1445-10-13
Contract Value 7,331,250 SAR
Contract Details The contract encompasses the implementation of information technology systems, including technical support and operational services for digital system licenses, platforms, network infrastructure, for a total value of 7,331,250 SAR (inclusive of VAT). The implementation period is 1,095 days from the contract signing date
Contract Duration 1,095 days
Financial Impact and the Relevant Period The financial impact of this contract is expected to reflect in the company’s revenues for the first half of the fiscal year 2024
Related Parties None

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