| Element List | Explanation |
|---|---|
| Introduction | Saudi Networkers Services Company announces the renewal of a framework agreement for the provision of services. |
| Date of Announcement of the Award | 2026-06-02 Corresponding to 1447-12-16 |
| Contract Subject Matter | Framework Agreement for the Provision of Services |
| The Entity with Which the Contract was Signed | A local bank in the Kingdom of Saudi Arabia |
| Date of Signing the Contract | 2026-06-02 Corresponding to 1447-12-16 |
| Contract Value | The contract value will be determined based on work orders to be issued in accordance with the agreed terms and conditions. The expected Revenue generated under the framework agreement during 2026 is expected to exceed 15% of the Company’s total revenue for the year. |
| Contract Details | Framework Agreement for the Provision of Services |
| Contract Duration | Five years, renewable |
| Financial Impact and the Relevant Period | The financial impact of the agreement is expected to be reflected in the Company’s financial statements starting from 2026. |
| Related Parties | none |
Saudi Networkers Services Company Announces the Signing of a Framework Agreement with a Local Bank
AI Summary
- Saudi Networkers Services Company signed a five-year renewable framework agreement with a local Saudi bank for the provision of services.
- Expected revenue from the agreement in 2026 is projected to exceed 15% of the company's total annual revenue.
- The agreement was signed on June 2, 2026, with the financial impact expected to reflect in financial statements starting from the 2026 fiscal year.
