Arabian Internet and Communications Services Company (solutions) announces the signing of a contract with STC Bank (Related Party) to provide managed SMS service.
Date of Announcement of the Award
2025-09-30 Corresponding to 1447-04-08
Contract Subject Matter
Providing managed SMS service.
The Entity with Which the Contract was Signed
STC Bank
Date of Signing the Contract
2025-09-30 Corresponding to 1447-04-08
Contract Value
SAR 131,000,000
Contract Details
Providing managed SMS service for STC Bank.
Contract Duration
2 years
Financial Impact and the Relevant Period
The financial impact on the company's financial statements will appear starting from the 3rd quarter of the year 2025.
Related Parties
stc which considered the largest shareholder for both solutions and STC Bank with an ownership of 79.0% of solutions shares, and 87.6% of STC Bank shares.
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