On July 29, 2026, Shalfa Facilities Management Co. announced the signing of a contract with the Zakat, Tax and Customs Authority on July 28, 2026, in partnership with Shalfa Global Security, to provide security guards for the authority's headquarters, residential cities, and administrative offices at entrances and branches across multiple locations in Saudi Arabia. The total contract value is SAR 35,999,549.40 including VAT, with Shalfa Facilities Management Company's share representing 50% of the total, over a 12-month contract duration. The financial impact is expected to be reflected in the company's results beginning in the second half of 2026. It is noted that the Board Chairman, Mr. Abdullah Mohammed Al Ibrahim, and Vice Chairman, Mr. Fahd Mohammed Al Ibrahim, hold an indirect interest in the contract due to their relation to the owner of Shalfa Global Security Services, though the company confirms the arrangement was conducted within the normal course of business under prevailing commercial terms without preferential conditions.

Original announcement:

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.