Arabian Internet and Communications Services Company (SOLUTIONS) announces the signing of a number of contracts with Saudi Telecom Company (stc) (Related Party)

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.|