10/08/2026 04:53 AST

Saudi-based Arabian Internet and Communications Services Company (solutions) has signed a SAR364 million ($97.1 million) contract with Digital Data Centers for Data and Telecommunications Company (Center3) for the establishment and construction of data centres in Dammam.

The 18-month contract covers the establishment, construction and preparation of the DDC307 data centre and includes mobilisation, engineering, construction, mechanical, electrical and plumbing works, as well as testing, commissioning and handover, said Arabian Internet and Communications Services in its Saudi bourse filing.

The financial impact of the contract is expected to start appearing in solutions' financial statements from Q1 2027, it stated.

Center3 is a related party to solutions. Saudi Telecom Co (stc), the largest shareholder in solutions with a 79% stake, owns 100% of Center3.

The project will be delivered in four main construction stages covering site preparation, foundations, superstructure and finishing, alongside the supply and integration of technical systems, it added.


Trade Arabia

Ticker Price Volume
SOLUTIONS Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ELM 607.50 11.50 (1.92%)
MIS 301.00 10.80 (3.72%)
EDARAT 262.60 -9.20 (-3.39%)
AZM 23.46 0.87 (3.85%)
DBS 11.86 0.22 (1.89%)
Sarco unit lands construction contract for school projects in Riyadh

21/08/2026

Saudi Arabian Refineries Company (SARCO) has announced that its key subsidiary Raya Al Tajdeed has secured a SAR100 million ($26.7 million) contract from a multinational education company for the con

Trade Arabia

Saudi Awwal Bank partners with noon to launch a dedicated e-commerce Visa Credit Card

21/08/2026

Saudi Awwal Bank, one of the leading banks in the Kingdom of Saudi Arabia, has partnered with noon, one of the region's leading e-commerce platforms, to launch a first-of-its-kind co-branded Visa cre

Saudi Gazette

United Foods Company reports strong Q2, net profit jumps

21/08/2026

United Foods Company (UFC), a leading UAE-based food manufacturing and distribution company, reported a strong performance for the second quarter of 2026, reflecting continued growth in business acti

Trade Arabia

Saudi Air Connectivity Program, Saudia boost seat capacity to US, China

21/08/2026

Saudi Air Connectivity Program (ACP), in collaboration with Saudia, has announced an increase in seat capacity across several international routes in 2026.

This step reflects ongoing effort

Trade Arabia

Cenomi Centers seals leasing deal with Saudi PIF unit for Madinah Downtown mall

20/08/2026

Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has signed a promise-to-lease agreement with Saudi Downtown Company, a Public Investment Fund (PIF) comp

Trade Arabia