Solutions Signs SAR 262M Data Center Deal with Center3

SOLUTIONS +0.15%

SOLUTIONS

7202.SA

197.00

+0.15%

Arabian Internet and Communications Services Company (solutions) announced on November 19, 2025, the signing of a SAR 261,864,900 contract with Digital Data Centers for Data and Telecommunication Company (Center3) to provide data center hosting services across Saudi Arabia. The five-year agreement, signed on November 18, 2025, will enable solutions to deliver cloud services and enhance operational readiness. Both companies are related parties, with Saudi Telecom Company (stc) owning 79% of solutions and 100% of Center3. The contract is expected to have a positive financial impact starting from Q4 2025.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91609&anCat=1&cs=7202&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.

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