Alkhaleej Subsidiary Wins SAR 67.5M Foreign Ministry Contract

ALKHALEEJ TRNG +0.12%

ALKHALEEJ TRNG

4290.SA

16.10

+0.12%

On February 10, 2026, Alkhaleej Training and Education Company announced that its wholly-owned subsidiary Advanced Communications Systems and Solutions Company (Smart Link) signed a contract with the Ministry of Foreign Affairs – General Diwan. The three-year contract, valued at 67,498,249 Saudi Riyals including VAT, involves implementing the Contact Center – Phase Three project commencing in 2026. The project aims to achieve comprehensive technological and operational transformation of the Contact Center through deployment of artificial intelligence, omnichannel operations, advanced analytics, and cloud computing technologies. The contract is expected to positively impact the company's financial results for fiscal years 2026, 2027, and 2028.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93054&anCat=1&cs=4290&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.