Tabuk Agricultural Development Co. (TADCO) inked a SAR 6 million worth of contract with Fahad Bin Sultan University to provide housing for the university students, the company said in a bourse statement.

 

The contract entails providing affordable accommodation for 200 students, in addition to the allocation of three offices and educational as well as physical training centers.

 

The one-year contract starts on Oct. 1, 2020, and can be renewed at least two months before the end of its term.

 

The company's revenue will increase by SAR 6 million in one year after signing the contract, while the relevant financial contract will likely appear on financials as of Q3 2020.

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