Arabian Internet and Communications Services Company (solutions) announced on July 28, 2026 the signing of a contract with Saudi Telecom Company (stc), a related party holding 79% ownership of solutions' shares, on July 27, 2026. The contract covers the renewal of AI software and digital solutions licenses to ensure continuity of system operations, valued at SAR 159,713,431.23 over a duration of 3 years. The financial impact of this agreement will be reflected in the company's financial statements beginning from the third quarter of 2026.

Original announcement:

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