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Solutions signs 190M riyal contract with STC Bank
The Arab Solutions for Internet and Communications Services (Solutions) announced the signing of a 190 million SAR contract with Al Raji Bank, lasting for two years, to provide managed messaging services for the bank. The contract will oversee and deliver messaging services that enhance the digital infrastructure and banking communication channels, with its anticipated financial impact beginning in the fourth quarter of 2026. The contract is expected to contribute to an increase in the company's operating revenues during its term, confirming that Al Raji Bank is an related party, as the Saudi Telecom Company (STC) holds a significant stake in both entities.
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