Elm Company Announces Contract Sign Off with Ministry of Human Resource and Social Development

Elm Company Announces Contract Sign Off with Ministry of Human Resource and Social Development

Element List

Explanation

Introduction

With reference to the Company’s announcement in Saudi Exchange (Tadawul) website on 04/12/2023 regarding the conclusion of the negotiation procedures with the Ministry of Human Resource and Social Development related to the Social Case Surveying Project (second phase), the Company announces the project’s contract sign off.

Date of Announcement of the Award

2023-12-04 Corresponding to 1445-05-20

Contract Subject Matter

Social Case Surveying Project (Second Phase)

The Entity with Which the Contract was Signed

Ministry of Human Resource and Social Development

Date of Signing the Contract

2024-01-17 Corresponding to 1445-07-05

Contract Value

The total expected value of the contract is approximately 25% of the company’s total revenue as per the audited annual financial statements for the year 2022. It is worth noting that the value of the contract is based on the number of cases being surveyed and the contract does not include a fixed total amount.

Contract Details

Privatizing social surveying works and home visits for applicants benefiting from the Social Security Program or its beneficiaries. This is intended to contribute to improving the quality of services provided and enhancing