| Element List | Explanation |
|---|---|
| Introduction | In reference to Multi Business Group Co. Announces Public Works Frame Contract Sign-Off with Saudi Telecom Company dated 12-06-2025 AD |
| Previous Announcement | Multi Business Group Co. Announces Contract Sign-Off with Saudi Telecom Company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-06-15 Corresponding to 1446-12-19 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company would like to announce an update related to the contract, as Amendment Agreement No. 1 has been signed, extending the term of the contract until 31 December 2027. Furthermore, Multi Business Group Company continues to retain all rights and benefits stipulated under the original contract without any change. |
| Reasons For The Delay on The Date of The Event Previously Announced | NA |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
| Delay consequences on the Company’s financial results | None |
| Additional Information | The Necessary Signatures Were Completed, and a Copy of the Agreement Was Received at the end of the Working Day on Tuesday, corresponding to (02-06-2026) AD. |
Multi Business Group Co. Announces an update on Multi Business Group Co. Announces Contract Sign-Off with Saudi Telecom Company
AI Summary
- Multi Business Group Co. signed Amendment Agreement No. 1 with Saudi Telecom Company (STC) to extend the term of its public works frame contract.
- The contract extension is valid until December 31, 2027.
- The company retains all rights and benefits stipulated under the original contract, with no changes to costs or impact on financial results.
- Final signatures were completed and a copy of the agreement was received by the company on June 2, 2026.
