Etihad Atheeb wins two projects worth SAR 45.51M with TVTC

Etihad Atheeb Telecommunication Co. (GO) was awarded, on May 27, two projects with Technical and Vocational Training Corporation (TVTC) for SAR 45.51 million, including VAT.

In a statement to Tadawul, the company said that the projects duration is 12 months to provide TVTC with dedicated internet services for 77 locations.

The first project, for purchase order (PO) 6743, totals SAR 23.64 million and the second (PO 6744) amounts to SAR 21.87 million, the statement added.

The two contracts will have a positive financial impact on the company’s financials starting from Q1 2024/25 (three months to June 30, 2024), the company noted, indicating that no related parties are included in the deals.