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Alkhaleej Training and Education Company Announces the signing off contract with the Ministry of Labor and Social Development with cooperation of Alkhaleej Computers and Electronics Equipment Company

Alkhaleej Training and Education Company Announces the signing off contract with the Ministry of Labor and Social Development with cooperation of Alkhaleej Computers and Electronics Equipment Company

ELEMENT LISTEXPLANATION
IntroductionWith Reference to the awarding of the Project for Unified call center for the ministry of Labor and Social Development, a copy of the signed contract was received from the Ministry of Labor & Social Development with Alkhaleej Training and Education Company with cooperation of Alkhaleej Computers and Electronics Equipment on 11th November 2018.
Date of announcement of the assignment2018-10-28 Corresponding to 1440-02-19
Subject of contractto operate the Unified communication call center for the Labor sector for the Ministry of Labor and Social development.
Date of contract sign off2018-11-06 Corresponding to 1440-02-28
Contract ValueSAR 17,990,931
Contract DetailsThe Company has to operate the Unified communication call center for the Labor sector for the Ministry of Labor and Social development
Contract DurationThe Duration of the contract is Eight months
The financial impact and period that this project will affectThe Financial impact of this contract will appear in the last quarter of the year 2018 and during the year 2019
Related PartiesThere are no related parties in the contract with the Ministry of Labor and Social Development, but there are related parties in the existing cooperation for the implementation of the contract between Alkhaleej Training and Education Co. and Alkhaleej Computer and Electronic Equipment Company owned by the Board members of Alkhaleej Training and Education Co. Mr. Abdul Aziz Hammad Al-Bulaihid, Mr. Abdul Aziz Rashid Al-Rashed, Mr. Ahmed Ali Al-Shadawi, Mr. Ahmed Mohammed Al-Sari.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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