Future Vision for Health Training Co. Announces an update on Future Vision for Healthcare Training Company announces the signing of a strategic agreement with Al-Maarefa University to implement a national project for workforce development valued at up to SAR 200 million.
| Element List | Explanation |
|---|---|
| Introduction | With reference to the Company’s previous announcement published on the Saudi Exchange (Tadawul) website on 28-07-2025 regarding the signing of a strategic agreement with Al-Maarefa University to implement a national project for workforce development valued at up to SAR 200 million. |
| Previous Announcement | Future Vision for Healthcare Training Company announces the signing of a strategic agreement with Al-Maarefa University to implement a national project for workforce development valued at up to SAR 200 million. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-07-28 Corresponding to 1447-02-03 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The strategic agreement has been updated by adding new provisions aimed at enhancing professional qualification and development. The added provisions include the launch of advanced diploma programs and internationally accredited professional certificates.
This update reflects both parties’ commitment to supporting national talent and elevating the professional capabilities of specialists and practitioners in the sector through high-quality educational programs that align with global best practices and meet labor market needs. |
| Reasons For The Delay on The Date of The Event Previously Announced | None |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The value of the agreement addendum amounted to SAR 35 million.
The addendum includes the addition of clauses and additional works within the scope of the original contract, in accordance with the terms and conditions agreed upon by both parties. The Company expects that the additional works resulting from the agreement addendum will have a positive financial impact, which is expected to be reflected in 2026. |
| Delay consequences on the Company’s financial results | None |
| Additional Information | None |
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