| Element List | Explanation |
|---|---|
| Introduction | Arabian Internet and Communications Services Company (solutions) announces the signing of a contract with Saudi Arabian Oil Company (Saudi Aramco) to Upstream Supercomputers project. |
| Date of Announcement of the Award | 2026-03-17 Corresponding to 1447-09-28 |
| Contract Subject Matter | Upstream Supercomputers project |
| The Entity with Which the Contract was Signed | Saudi Arabian Oil Company (Saudi Aramco) |
| Date of Signing the Contract | 2026-03-17 Corresponding to 1447-09-28 |
| Contract Value | SAR 1,396,914,055.12 (including Value Added Tax) |
| Contract Details | The project involves building advanced computing infrastructure to support the digital capabilities of Saudi Aramco in areas such as Oil and Gas exploration and reservoir analysis. The project includes two high-performance computing systems that will work together to process very large volumes of data quickly and efficiently, Leveraging advanced technologies provided by global leaders in high-performance computing. This infrastructure will help enhance subsurface imaging and data analysis, enabling faster and more accurate insights to support exploration and development activities. solutions will deliver the end-to-end solution, including system deployment, software licensing, support, and managed services over the lifecycle of the Cluster. The project further strengthens the long-standing strategic partnership between solutions and Saudi Aramco in enabling advanced digital infrastructure for the energy sector. |
| Contract Duration | One year |
| Financial Impact and the Relevant Period | The financial impact on the company's financial statements is expected to start from the 1st quarter of the year 2027. |
| Related Parties | N/A |
| Additional Information | solutions is a leading company in the Kingdom in enabling the technology sector. This unique project reflects solutions' advanced digital ecosystem in emerging technologies such as artificial intelligence and high-performance computing, and its ability to enable the Kingdom's digital infrastructure, support innovation in vital sectors, and boost the growth of the digital economy. |