Shafa Signs 36M Riyal Zakat Facility
Chalfa Facilities Management Company announced that it has signed a contract with the Zakat, Tax and Customs Authority valued at approximately 36 million SAR to provide security guard services for the authority's headquarters and branches across different regions of the Kingdom for a period of 12 months. The contract includes safeguarding the main buildings, residential cities, offices, and entry points. The financial impact of this contract will be reflected in the company's results starting from the second half of 2026. It is worth noting that there is a familial relationship between the Chairman of the Board and the Vice President with the owner of Chalfa Global Security Company; however, the contract was awarded following commercial and governance standards without any special preferences.
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