| Element List | Explanation |
|---|---|
| Introduction | Axelerated Solutions Company for Communications and Information Technology announce the signing of two contracts Network Device and Video Communication Unit Security Project with the Saudi Authority for Data and Artificial Intelligence (SDAIA) at a value of 42,667,898 including 15% VAT |
| Date of Announcement of the Award | 2024-12-10 Corresponding to 1446-06-09 |
| Contract Subject Matter | Network Device and Video Communication Unit Security Project |
| The Entity with Which the Contract was Signed | Saudi Authority for Data and Artificial Intelligence (SDAIA) |
| Date of Signing the Contract | 2025-09-18 Corresponding to 1447-03-26 |
| Contract Value | 42,667,898 including 15% VAT |
| Contract Details | Axelerated Solutions Company supplies and installs network and video communication devices. It aims to provide video communication devices and network devices to equip all headquarters benefiting from video communication services and provide the necessary services related to installation and supply for the project in various regions of the Kingdom of Saudi Arabia. It aims to provide services related to shipping, supplying and installing video communication devices to provide services to all beneficiaries in various regions of the. Kingdom of Saudi Arabia |
| Contract Duration | 36 Months. |
| Financial Impact and the Relevant Period | The contract is expected to have a positive financial impact on the company’s financial statements during the years 2025 and 2026 and 2027 and 2028 |
| Related Parties | None |
| Additional Information | All necessary signatures have been completed, and a copy of the contract was received on Thursday, 26-03-1447AH, corresponding to 2025-09-18 AD. |