Investor Relationship

In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.

Element List Explanation
Introduction AlKhaleej Training and Education Company announces that one of its subsidiaries, Advanced Communications Systems and Solutions (Smart Link), has signed a contract with Mazaya Integrated Computer Solutions Company in the State of Kuwait to acquire 51% of the ownership shares of Mazaya Integrated Computer Solutions Company in the State of Kuwait.
Date of Announcement of the Award 2025-04-08 Corresponding to 1446-10-10
Contract Subject Matter Acquisition of a 51% stake in Mazaya Integrated Computer Solutions Company in the State of Kuwait
The Entity with Which the Contract was Signed Mazaya Integrated Solutions Company W.L.L, in the State of Kuwait
Date of Signing the Contract 2025-04-08 Corresponding to 1446-10-10
Contract Value The contract value is 14,280,000 Saudi Riyals.
Contract Details The subsidiary company (Advanced Communications Systems and Solutions Company – Smart Link) has acquired 51% of the ownership shares of Mazaya Integrated Computer Solutions Company in the State of Kuwait.
Contract Duration Not applicable
Financial Impact and the Relevant Period This acquisition is expected to have a positive impact on the financial results starting from the second quarter of 2025.
Related Parties There are no related parties.
Additional Information This acquisition will enable Advanced Systems and Solutions for Communications (Smart Link) to enhance its ability to serve its customers and diversify its sources of income by adding new activities to the company.

 

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