Arabian Internet and Communications Services Company (solutions) announces the signing of a contract with Saudi Telecom Company (stc) (Related Party)

Element List	Explanation
Introduction	Arabian Internet and Communications Services Company (solutions) announces the signing of a contract with Saudi Telecom Company (stc) (Related Party) to renew the contract of providing Red Hat licenses with professional services and technical support.
Date of Announcement of the Award	2024-12-10 Corresponding to 1446-06-09
Contract Subject Matter	Providing Red Hat licenses with professional services and technical support.
The Entity with Which the Contract was Signed	Saudi Telecom Company (stc)
Date of Signing the Contract	2024-12-10 Corresponding to 1446-06-09
Contract Value	SAR 151,170,867
Contract Details	• Provide Red Hat licenses.

• Provide the needed maintenance and technical support services. Contract Duration 3 Years Financial Impact and the Relevant Period The financial impact on the company's financial statements will appear starting from the 1st quarter of the year 2025. Related Parties stc which considered the largest shareholder with an ownership of 79% of solutions shares. Additional Information NA

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.