Maharah, SABIC ink framework agreement on manpower services

15/09/2022 Argaam
Logo ofMaharah Human Resources Co.

Logo of Maharah Human Resources Co.

Maharah Human Resources Co. signed, on Sept. 14, a framework agreement to provide support and manpower services to Saudi Basic Industries Corp. (SABIC) for 10 years, according to a bourse filing.

 

Agreement Details

Subject

Saudi support services, and providing non-Saudi manpower services for professional and non-professional employment

Parties

SABIC, Maharah

Contract Value

Linked to SABIC purchase orders issued from time to time

Contract Term

10 years

Award Date

Sept. 14, 2022

Signing Date

Sept. 14, 2022

 

The relevant financial impact will likely appear on the company’s financial statements as of Q4 2022, and will continue during the contract term.

 

Maharah confirmed that SABIC has no preferential terms, and the contract falls within the company’s normal business operations.

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