On July 2, 2026, Shalfaa Facilities Management Company announced the award of a project with the Zakat, Tax and Customs Authority, jointly with Shalfaa International Security Guards Company, to provide security guard services for the authority's main headquarters, residential cities, administrative offices in ports, and branches across multiple locations in the Kingdom of Saudi Arabia. The total project value is SAR 35,999,549.40 including VAT, with Shalfaa Facilities Management Company's share representing 50% of the total. The contract involves related parties, as the Chairman of the Board, Mr. Abdullah Mohammed Al-Buraim, and Vice Chairman, Mr. Fahad Mohammed Al-Buraim, hold an indirect interest through a family relationship with the owner of Shalfaa International Security Guards Company. The company confirms the contract falls within ordinary business activities and that no preferential advantages were granted.

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.