| Introduction | Osool & Bakheet Investment Company announces the signing of a contract with Advanced Operations Technology to provide IT technical support services. |
| Date of announcement of the award | 27-10-2025 Corresponding to -05-05-1447 |
| Contract subject matter | Providing IT Technical Support Services. |
| The entity with which the contract was signed | Advanced Operations Technology (AOT). |
| Date of signing the contract | 27-10-2025 Corresponding to -05-05-1447 |
| Contract value | SAR 296,700.00 per year |
| Contract details | A contract has been signed with Advanced Operations Technology (AOT) for providing IT technical support services, with the aim of improving the quality of operational services. The total contract value is SAR 296,700 per year. |
| Contract duration | 1 year with option to renew. |
| Financial impact and relevant period | SAR 296,700 per year will be reflected as operational expenses in the upcoming financial statements on a pro rata basis. |
| Related parties | • Osool & Bakheet Investment Company owns 51% of the shares of Advanced Operations Technology (AOT). • Board Member Mr. Khalid Al-Mousa is a shareholder in AOT, owning 4.75%, and his brother Mr. Abdulmohsen Al-Mousa also owns 4.75% of AOT. • Board Member Mr. Abdulrahman Al-Yahya is the Chairman of the Board of Directors of AOT. • Board Member Mr. Beshr Bakheet serves as a Board Member of AOT. |
| Additional information | Advanced Operations Technology (AOT) was selected from among several submitted offers, and the company confirms that the contract was executed without any preferential terms. |
