GO signs 4 contracts to provide communication solutions services to educational government entity at SR179.7 mln

Etihad Atheeb Telecom Company (GO) announced on Thursday about signing contracts with one of the Government Education entities. The total contract value is SR179,676,000, including value-added tax, including VAT, and the duration of the contracts is 36 months.
The company said in a statement on Thursday on Tadawul that the details of the contracts are as follows:
The first contract: SR28,152,000, including value-added tax on 27/06/2022.
The second contract: SR52,992,000, including value-added tax on 22/06/2022.
The third contract: SR43,884,000, including value-added tax on o 23/06/2022.
The fourth contract: SR54,648,000, including value-added tax on 23/06/2022.
The positive financial impact of these contracts reflected on the Company’s revenues and financial results starting from the second financial quarter of 2022 until the end of these contracts.