Al Khaleej Training and Education Co. has inked a SAR 17.85 million worth of contract with Airbus Defense and Space GmbH, the company said in a bourse filing.
Under the three-year deal, Al Khaleej will provide English language training courses to 3,500 of the Saudi Arabian National Guard Forces, as per the contract signed between Airbus and the Saudi Ministry of Interior.
The relevant financial impact will reflect on the company’s earnings as of FY19.
No related parties are involved in the deal, the statement added.
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