Maharah Human Resources Co. Announces signing a framework agreement to Provide Saudis Support and Manpower Services with Saudi Basic Industries Corporation (SABIC) for ten years

Maharah Human Resources Co. Announces signing a framework agreement to Provide Saudis Support and Manpower Services with Saudi Basic Industries Corporation (SABIC) for ten years

|Element List||Explanation|

|Introduction||Maharah Human Resources Company announces signing a framework agreement for Saudi support services and the provision of manpower services with Saudi Basic Industries Corporation (SABIC), to benefit from the manpower services provided by Maharah to SABIC projects for a period of ten years.|

|Date of Announcement of the Award||2022-09-14 Corresponding to 1444-02-18|

|Contract Subject Matter||Contract to provide manpower services|

|Date of Signing the Contract||2022-09-14 Corresponding to 1444-02-18|

|Contract Value||The contract value is linked to purchase orders that will be issued from time to time by SABIC.|

|Contract Details||Provide manpower services of professional and non-professional employment|

|Contract Duration||Ten years|

|Financial Impact and the Relevant Period||The financial impact on the company's financial statements is expected to appear from the fourth quarter of 2022 and will continue during the duration of the contract.|

|Related Parties||None|

|Additional Information||The Company confirms that the Saudi Basic Industries Corporation (SABIC) has not been granted any preferential treatment in this Contract and that it is within the Company's normal business activity.|