| 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 execute the project of establishing and developing the internet and communications networks for stc. |
| Date of Announcement of the Award | 2025-04-21 Corresponding to 1446-10-23 |
| Contract Subject Matter | solutions will execute the project of establishing and developing communications networks for stc, the scope of work, includes the following: • Expansion of new NEs and expansion of existing NEs. • Supply, installation, integration and test services for equipment, tools, programs and systems. |
| The Entity with Which the Contract was Signed | Saudi Telecom Company (stc) |
| Date of Signing the Contract | 2025-04-21 Corresponding to 1446-10-23 |
| Contract Value | SAR 142,405,937.12 |
| Contract Details | • Increase the capacity of internal network to accommodate the growth in the RAN services. • Establish an internal network infrastructure at 9 sites distributed across the Kingdom’s five regions (Central, Eastern, Western, Northern and Southern) with dedicated (DC-GW PE) to connect the LTE core setup to the IP/MPLS network. • Supply, install, integrate and test services for equipment, tools, programs and systems. |
| Contract Duration | (36) months |
| Financial Impact and the Relevant Period | The financial impact on the company's financial statements will appear starting from the 3rd quarter of the year 2025. |
| Related Parties | stc which considered the largest shareholder with an ownership of 79% of solutions shares. |
| Additional Information | NA |
