Arabian Internet and Communications Services Company (SOLUTIONS) announces the signing of a number of contracts with Saudi Telecom Company (stc) (Related Party)
- Date: 01-Dec-2022
- Source: Mubasher
- Sector:Real Estate
- Country:Saudi Arabia
Arabian Internet and Communications Services Company (SOLUTIONS) announces the signing of a number of contracts with Saudi Telecom Company (stc) (Related Party)
|Element List||Explanation|
|Introduction||Arabian Internet and Communications Services Company (SOLUTIONS) announces the signing of a number of contracts with Saudi Telecom Company (stc) (Related Party) to provide IT managing and logistical services for a number of projects.|
|Date of Announcement of the Award||2022-12-01 Corresponding to 1444-05-07|
|Contract Subject Matter||SOLUTIONS will provide services to supply and install servers and data storage centers, in addition to providing software licenses. SOLUTIONS will also provide managed service for design and implementation for a number of services owned by stc.|
|Date of Signing the Contract||2022-12-01 Corresponding to 1444-05-07|
|Contract Value||SAR 372,920,884|
|Contract Details|| The project scope includes the following:
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• Supply and install servers and data storage centers, and its software licenses which are composed of: (Vmware, Redhat, and Microsoft).
• Manage a number of services including (customers’ solutions delivery, customers’ service integration, customers’ demand, logistics and support services).
• Update and replace Data servers.
|Contract Duration||(36) months|
|Financial Impact and the Relevant Period||The financial impact on the company's financial statements will appear starting from the fourth quarter of the year 2022.|
|Related Parties||stc which considered the largest shareholder with an ownership of 79% of SOLUTIONS shares.|