Al-Hasoub Trading Company, listed on the Saudi Stock Exchange, announced on Sunday the signing of a new strategic contract with Tatweer for Educational Technologies, the technology arm of the Saudi Ministry of Education. This agreement aims to enhance the digital infrastructure of educational institutions, with a total value of SAR 5 million (excluding VAT).
Contract details and schedule
According to the official statement issued by the company on the Saudi Stock Exchange (Tadawul) website, the scope of work for this project includes supplying, upgrading, and installing the necessary technical spare parts for education departments and schools throughout the Kingdom. This contract extends for 12 months from the date of signing, reflecting the commitment of both parties to enhancing the efficiency of the technological equipment used in the educational process.
Regarding the financial impact of this contract, Computer Trading Company explained that the financial returns from this transaction are expected to be reflected in the company’s financial statements during the second half of 2026, thus enhancing the company’s future cash flows and supporting its expansion plans.
Promoting digital transformation in education
This step comes within the framework of the Kingdom of Saudi Arabia's ongoing efforts to achieve the goals of Vision 2030, which places great emphasis on the education sector and digital transformation. Tatweer for Educational Technologies plays a pivotal role in this field by providing integrated technological solutions that ensure the continuity of the educational process with high efficiency.
This contract is of particular importance given the increasing need for periodic maintenance and upgrading of the technical infrastructure in schools, to ensure the readiness of computer labs and smart classrooms, which directly benefits students and teachers by providing a stable and advanced digital learning environment.
The role of the private sector in development
This contract highlights the vital role played by the private sector, represented by companies like Al-Hasoub Trading, in supporting major government projects. These partnerships contribute to accelerating technological modernization and providing the necessary resources to operate educational facilities to the highest standards. The signing of this contract also reflects confidence in the capabilities of national companies to execute large-scale logistical and technological projects covering all geographical regions of the Kingdom.
