IHR signs contract with Ersal to provide human resources services

IHR signs 12-month renewable agreement with Ersal Money Transfer

International Human Resources Co. (IHR) signed on Sept. 28 a framework agreement with Ersal Money Transfer Co. to provide human resources services (internal support).

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According to a statement to Tadawul, the company said the 12-month contract is automatically renewable for a similar period unless either party notifies the other 30 days prior to expiry.

The contract value will be based on purchase orders agreed upon by both parties, according to the pricing list stated in the agreement.

The company pointed out that the agreement is expected to have a positive financial impact, provided separate purchase orders are received from the client in accordance with the agreement.

IHR noted that any purchase order deemed a material disclosure event under the Capital Market Authority's rules on the offering of securities and continuing obligations will be announced in due course, including the periods in which the financial impact will be reflected.