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Solutions signs 190M SAR deal with STC Bank
Solitions announced the signing of a 190 million riyal contract with STC Bank, aimed at providing managed messaging services for the bank to enhance its digital infrastructure and communication channels in banking operations. The implementation period is two years, and its financial impact is expected to begin appearing from the fourth quarter of 2026, as it will contribute to strengthening the company's operating revenue streams. It is anticipated that its results will be reflected in the financial statements during that period. STC Bank is an associated party, as Saudi Telecom Company (STC) owns the largest stake in it, reflecting the strategic collaboration between the entities under the group.
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