SAR 86.13 million SDAIA data-backup award goes to Al Moammar

Summary

• Al Moammar Information Systems won phase four of SDAIA's backup and recovery support project.
• The award is valued at SAR 86.13 million including value-added tax, the company told Tadawul.
• The contract is not yet signed; Al Moammar expects signature on November 30.

The latest

A SAR 86.13 million award for the fourth phase of a data backup and recovery support project has gone to Tadawul-listed Al Moammar Information Systems, the company said in a bourse filing. The client is the Saudi Data and Artificial Intelligence Authority, known as SDAIA. The value stated includes value-added tax.

Details

• The award: Al Moammar Information Systems, an INXEN entity listed on the Saudi Exchange, said it was awarded phase four of the technical support project for the backup and data recovery system operated by the Saudi Data and Artificial Intelligence Authority. The disclosure was made in a statement to Tadawul.
• The figure: The company put the award at SAR 86.13 million, explicitly stating the amount is inclusive of value-added tax. That framing matters for how much of the headline number ultimately lands as contract revenue, since the VAT component is not retained by the contractor.
• Scope of work: The project covers upgrading and expanding the backup and data recovery systems, license renewal, technical support, and specialized operational services, according to the company's filing. It is described as the fourth phase of an existing program rather than a newly launched engagement.
• The timing: Al Moammar said it expects the contract to be signed on November 30. The award and the signature are separate steps, and the company disclosed the award ahead of execution, as required of listed issuers reporting material developments to the market.
• Not yet signed: As disclosed, the agreement had not been executed at the time of the announcement. The company framed November 30 as an expected signing date rather than a confirmed one, leaving the formal start of the contractual obligation contingent on that step.
• The client: SDAIA is the Saudi government body responsible for the national data and artificial intelligence agenda. The award concerns the authority's backup and recovery infrastructure, the layer that preserves and restores data rather than the analytical or AI systems built on top of it.
• The contractor: Al Moammar Information Systems is identified as an INXEN entity. The statement did not name any subcontractors, technology partners or vendors involved in the license renewal and system expansion elements of the project.
• What was not stated: The filing did not specify the contract duration, the expected financial impact on any particular quarter, or the value of the three earlier phases of the same project. No delivery milestones beyond the expected signing date were disclosed.

Background

The award is the fourth phase of a continuing technical support program for SDAIA's backup and recovery system, indicating a multi-stage relationship already in place before this announcement rather than a first-time engagement between the two sides.

Between the lines

Two disclosed details shape how the number should be read. The value is stated inclusive of VAT, so the revenue recognized by the contractor will be lower than the headline figure. And because the award precedes signature, the expected November 30 date is the point at which the commitment becomes contractual. Phase-four status also suggests recurring work rather than a one-off win.

What's next

The November 30 expected signing date is the next checkpoint. Watch for a follow-up Tadawul filing confirming execution, along with any disclosure of contract duration or the quarter in which the company expects the financial impact to appear.

Source: Argaam, citing the company's statement to Tadawul