Solutions Wins SAR 364M Datacenter Contract With Center3
SOLUTIONS 7202.SA | 0.00 |
Arabian Internet and Communications Services Company (solutions) announced on August 4, 2026 the signing of a contract with Digital Data Centers for Data and Telecommunications Company (Center3), a related party, on August 3, 2026, to establish, build, and prepare Datacenters (DDC307) in Dammam city. The contract is valued at SAR 364,000,000 and spans a duration of 18 months, covering key phases including mobilization, engineering, construction, MEP systems integration, and testing & commissioning. Center3 is classified as a related party given that Saudi Telecom Company (stc) holds 79% of solutions' shares and 100% of Center3's shares. The financial impact of this contract is expected to be reflected in the company's financial statements beginning from the first quarter of 2027.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97222&anCat=1&cs=7202&locale=arImportant 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.
