| Element List | Explanation |
|---|---|
| Introduction | Al Kuzama Trading Company Announces the Signing of a Framework Agreement for the Provision of Hospitality Services in the Central Region for the Employees of a Government Entity |
| Date of Announcement of the Award | 2026-04-30 Corresponding to 1447-11-13 |
| Contract Subject Matter | An agreement pursuant to which the Company will provide hospitality services in the Central Region to the employees of the government entity |
| The Entity with Which the Contract was Signed | government entity. |
| Date of Signing the Contract | 2026-05-10 Corresponding to 1447-11-23 |
| Contract Value | 78,570,000 SR inclusive of Value Added Tax (VAT) |
| Contract Details | An agreement pursuant to which the Company will provide hospitality services in the Central Region to the employees of the government entity in accordance with purchase orders issued by the entity. |
| Contract Duration | 36 months |
| Financial Impact and the Relevant Period | The positive financial impact of the agreement is expected to be reflected upon the commencement of supply and following the receipt of purchase orders issued pursuant to the agreement. |
| Related Parties | None |
| Additional Information | This agreement comes as an extension of Al Kuzama Trading Company’s expansion strategy in the catering and hospitality services sector, strengthening its presence and market share in one of the Company’s core business sectors. The agreement is expected to contribute to the diversification of revenue streams and the expansion of the Company’s client base across government entities, authorities, the private sector, and individuals, in line with local market aspirations and sustainable growth objectives. The agreement also reflects the growing confidence in the Company’s services and products among its clients within the catering and hospitality sector. Furthermore, it underscores the Company’s ability to establish long-term operational partnerships that support its competitive position and positively impact its business performance and shareholders’ value. |