Al Kuzama inks SAR 20M framework agreement with Finance Ministry

Al Kuzama expands catering footprint with new SAR 20M framework deal

Al Kuzama Trading Co. signed a framework agreement to provide catering and hospitality services to employees of the Ministry of Finance for SAR 20.01 million, VAT inclusive, according to a statement to Tadawul.

Under the 24-month agreement, the company will provide its services in accordance with the approved price list and purchase orders issued by the ministry.

The positive financial impact of the agreement is expected to reflect once supply begins and purchase orders are received.

The agreement represents an extension of Al Kuzama’s expansion strategy in the catering and hospitality sector, the company noted, adding that it aims to strengthen its market share in this key business segment, maintain diversification in its business portfolio, and keep pace with local market demand.