Logo ofInternational Human Resources Co. (IHR)
International Human Resources Co. (IHR) signed a framework agreement with Arab National Bank (ANB) to provide human resources services (outsourcing), based on purchase orders agreed upon by both parties and in accordance with the pricing list included in the framework agreement. 
According to a statement to Tadawul, all required signatures were completed, and a signed copy of the agreement was received on July 9.
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The agreement is valid for 12 months and will automatically renew for a similar period unless either party notifies the other at least 30 days prior to its expiration.
The agreement is expected to have a positive financial impact on the company, contingent on the receipt of individual purchase orders from the client under the terms of this agreement.
The statement pointed out that any purchase orders deemed as material events requiring disclosure under the Capital Market Authority’s Rules on the Offer of Securities and Continuing Obligations will be announced in due course, including the financial periods in which they will be reflected.
There are no related parties to the deal, the statement added.
Logo ofInternational Human Resources Co. (IHR)
International Human Resources Co. (IHR) signed a framework agreement with Arab National Bank (ANB) to provide human resources services (outsourcing), based on purchase orders agreed upon by both parties and in accordance with the pricing list included in the framework agreement.
According to a statement to Tadawul, all required signatures were completed, and a signed copy of the agreement was received on July 9.
For more news on listed companies
The agreement is valid for 12 months and will automatically renew for a similar period unless either party notifies the other at least 30 days prior to its expiration.
The agreement is expected to have a positive financial impact on the company, contingent on the receipt of individual purchase orders from the client under the terms of this agreement.
The statement pointed out that any purchase orders deemed as material events requiring disclosure under the Capital Market Authority’s Rules on the Offer of Securities and Continuing Obligations will be announced in due course, including the financial periods in which they will be reflected.
There are no related parties to the deal, the statement added.
