Logo of Etihad Atheeb Telecommunication Co.
Etihad Atheeb Telecommunication Co. (GO) signed two contracts today, Jan. 1, with the emirates of Tabuk and Najran, at a total value of SAR 105.2 million, including value-added tax (VAT).
The contract signed with the Tabuk emirate, which amounted to SAR 28.2 million, is for providing consulting services supported by digital infrastructure, as well as creating a digital transformation platform to complement the digital transformation standards, according to a statement to Tadawul.
GO added that the positive impact of this 36-month contract will reflect on its revenues and financial results starting from Q1 2023 until the end of this contract.
Meanwhile, GO said, in a separate statement to Tadawul, that the SAR 77 million contract signed with Najran entails the provision of fixed and voice communication services, as well as consulting services supported by digital infrastructure. A digital transformation platform including the operations of the necessary applications to complete the digital transformation standards will also be implemented.
The positive impact of the 60-month contract will reflect on the company's financial results and revenues starting Q1 2023 until the end of this contract, it added.
GO also noted that there are no related parties to the two contracts.
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