Riyadh – Mubasher: Tabuk Agricultural Development Company has signed a contract with Fahad Bin Sultan University Company to provide appropriate accommodation for the university’s 200 students for SAR 6 million.
Under the deal, which reiterates Tabuk’s social responsibility, the company will further provide three supervising offices, an educational training centre, and a sports centre, according to a stock exchange statement on Monday.
The renewable one-year contract is effective from 1 October 2020.
Tabuk’s revenues will increase by SAR 6 million within one year from the signing and the transaction’s positive effect will reflect on the firm’s financials starting from the third quarter (Q3) of 2020.
Source: Mubasher
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