RIYADH: Arabian Internet and Telecommunication Co., known as solutions by stc, is set to supply Saudi Aramco with a high-performance computer in a deal worth SR329 million ($87 million).
Over a five-year period, the contract will see solutions by stc facilitate the digital transformation of the world’s largest oil producer, including managing, maintaining, and providing technical support.
The deal also outlined the design, implementation, operation, and management of the high-performance computer. It will incorporate hosting services for the data centers, which includes providing a secure and dedicated communication network and deploying the latest cybersecurity mechanisms and services.
According to Tadawul, the financial impact of the contract will appear on the company’s financial statements starting from the fourth quarter of 2023, noting that there are no related parties.
