iHR Signs Framework Agreement with ANB

International Human Resources Company (iHR) announced on Thursday the signing of a framework agreement with Arab National Bank (ANB) to provide human resources services (internal support).

The Company stated that the contract value will be paid through purchase orders agreed upon by the two parties, based on the price list included in the framework agreement. The contract term is 12 calendar months, renewable for a similar period unless one party notifies the other 30 days prior to its expiration.

According to a statement published on Tadawul, the agreement will have a positive financial impact on the Company if separate purchase orders are received from the client pursuant to this agreement. Purchase orders, which are considered a disclosure-required event under the Securities Offering and Continuing Obligations Rules issued by the Board of the Capital Market Authority (CMA), will be announced in a timely manner, including the periods in which they will be reflected.