| 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 VMware licenses and providing support services. |
| Date of Announcement of the Award | 2024-04-15 Corresponding to 1445-10-06 |
| Contract Subject Matter | Renew the VMware licenses contract and providing support services. |
| The Entity with Which the Contract was Signed | Saudi Telecom Company (stc) |
| Date of Signing the Contract | 2024-04-15 Corresponding to 1445-10-06 |
| Contract Value | SAR 139,950,000 |
| Contract Details | • Renewal of VMware licenses. • Providing maintenance and technical support services. |
| Contract Duration | 3 years |
| Financial Impact and the Relevant Period | The financial impact on the company's financial statements will appear starting from the 2nd quarter of the year 2024. |
| Related Parties | stc which considered the largest shareholder with an ownership of 79% of solutions shares. |
| Additional Information | N/A |
