Additional announcement from the International Human Resources Company regarding the award of a project with Alam Company
| Element List | Explanation |
|---|---|
| Introduction | With reference to the International Human Resources Company's announcement published on 07/08/2025 (13/01/1447 AH) regarding the award of a project to Alam Company worth SAR 53,947,301.30, including value-added tax. Further, with reference to the company's previous announcement that the expected date for signing the contract was 01/13/1447 AH (07/08/2025 AH), the company would like to clarify the following:
The company has a framework agreement signed with Alam Company on May 6, 2024 to provide human resources. It expires on May 5, 2025 and is automatically renewed unless either party notifies the other party of its unwillingness to renew. In the absence of any notification issued by either party, the agreement has been automatically renewed. The company would also like to clarify that the framework agreement stipulates that the customer issues purchase orders. Accordingly, the company received a purchase order on July 7, 2025, for SAR 53,947,301.30, including value-added tax. Accordingly, the company confirms that the announced award is the result of receiving the purchase order issued by the customer based on a framework agreement concluded between the two parties on May 6, 2024. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-07-08 Corresponding to 1447-01-13 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | nothing |
| Financial Impact on the change | nothing |
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