Alkhaleej Training signs SAR 149.4 mln contract with Saudi Electricity

01/10/2023 Argaam
Logo ofAlkhaleej Training and Education Co.

Logo of Alkhaleej Training and Education Co.

Alkhaleej Training and Education Co. signed today, Oct. 1, a contract worth around SAR 149.42 million, excluding value-added tax (VAT), with Saudi Electricity Co. (SEC).

 

The deal, which is valid for one year and is automatically renewed for another year at the same value, covers the operation of call centers and support centers for SEC's customer service segment, according to a statement to Tadawul.

 

Alkhaleej Training expects this contract to positively impact its financial results as of the fourth quarter of 2023 onwards.

 

There are no related parties to the contract, the statement added.

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