Arabian Internet and Communications Services Company (solutions) announced on March 24, 2026 the signing of a SAR 1,396,914,055.12 contract with Saudi Arabian Oil Company (Saudi Aramco) for the Upstream Supercomputers project. The contract, signed on March 17, 2026, involves building advanced computing infrastructure including two high-performance computing systems to support Saudi Aramco's oil and gas exploration and reservoir analysis capabilities. The one-year project will be delivered as an end-to-end solution including system deployment, software licensing, support, and managed services, with financial impact expected to begin in the first quarter of 2027.

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.