Al Kuzama inks SAR 78.57M hospitality services deal with govt. entity

Al Kuzama Trading said the financial impact is expected to be reflected upon the commencement of supply.

Al Kuzama Trading Co. signed a framework agreement, valued at SAR 78.57 million (VAT inclusive), to provide hospitality services in the Central Region to employees of a government entity.

In a statement to Tadawul, the company said that the contractual term is 36 months and services will be provided in accordance with purchase orders issued by the entity.

The positive financial impact of the agreement is expected to be reflected upon the commencement of supply and following the receipt of purchase orders.

The deal extends Al Kuzama’s expansion strategy in the catering and hospitality services sector, strengthening its presence and market share in a core business segment.

Furthermore, the agreement is expected to help diversify revenue streams and expand the company’s client base across the government and private sectors.

Meanwhile, the deal reflects the growing confidence in Al Kuzama’s services and products and underscores its ability to establish long-term operational partnerships.