For the date 06/16/2023

Morse Holding Company announced the contracting with Abdulaziz Nasser Abdulaziz Al-Hamid General Contracting Corporation to transform it into a closed joint-stock holding company with corporate governance for an amount of 253,000 riyals, including value-added tax. The work referred to will take 60 days to complete, and its financial impact will appear in the third quarter of the Year 2023 AD

It is worth noting that corporate governance and transformation is one of the development solutions that Morse Business Services provides to its clients.

Since essential news regarding influential financial contracts must be announced, the announcement was made.