Projects

The three-year managed services project covers the operation of the university’s electronic systems, with contract signing expected in November.

Arab Sea Information Systems has been awarded a SAR 13.83 million project, including VAT, to provide managed services for King Abdulaziz University’s electronic systems.

The company disclosed the award on 21 October 2026, stating that it received the project on 19 October.

The planned engagement will run for 36 months, with services delivered according to the scope and conditions of the university’s tender.

The award centres on operating the university’s electronic systems. The disclosure does not specify individual platforms or announce the development of new systems.

Arab Sea expects to sign the contract on 19 November 2026. The announcement therefore represents a project award, with formal contract signing still expected at the time of disclosure.

The company confirmed that no related parties are involved in the transaction.

Featured image: AI-generated illustration of managed IT services.

Source: Arab Sea Information Systems’ company announcement dated 21 October 2026, reproduced on its official investor relations website.

Source announcement: 19 October 2026.

ZOOD Real Estate announced Élevée in north Riyadh on 19 October. The developer values the mixed-use scheme at SAR2.5 billion and targets completion at the end of 2029.

The Al-Nakheel development includes eight towers, with housing, offices, a hotel and serviced apartments. Jadwa Investment is identified as strategic partner, with design led by Barcelona-based Elia.

These figures and dates come from the developer’s release distributed by Media OutReach Newswire. They describe announced plans, not independently verified construction completion.

Source: Read the original announcement or report. Original summary by Telescope Editorial; checked 19 October 2026.