Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 2
- Date
- 2025-07-09
- Hijri
- 14 Muharram 1447 AH
- Reference
- PAY-2025-004-02
Interim payment certificate no. (2)
For the work of June 2025
- Contract number
- RC/2025/004
- Supplier-portal reference
- 2503390446
- Contract
- Cybersecurity programme & SOC delivery
- Contractor
- Cyber Shield Co.
- Contractor VAT number
- 310108124570003
- Project
- Chamber Cybersecurity Programme
- Contract period
- 2025-03-02 — 2026-12-15
- Original contract value
- 1,575,000
- Current contract value
- 1,575,000
- Linked milestone
- Design approved · MS-G1 Project plan approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 286,000 |
| 2 | Less: previous certificates | (101,500) |
| 3 | Value of work in this certificate | 184,500 |
| 4 | Less: retention (5%) | (9,225) |
| 5 | Less: advance payment recovery (10%) | (18,450) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (27,675) |
| 8 | Net before VAT | 156,825 |
| 9 | Add: value added tax (15%) | 23,524 |
| 10 | Net amount payable to the contractor | 180,349 |
Amount in words: One hundred eighty thousand three hundred forty-nine Saudi riyals only
Retention held up to this certificate: SAR 14.3K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 236,250 | 24,350 | 38,600 | 62,950 | 27% |
| Licences & platform | 315,000 | 27,550 | 46,800 | 74,350 | 24% |
| Build & configuration | 472,500 | 29,600 | 56,200 | 85,800 | 18% |
| Systems integration | 236,250 | 11,250 | 23,050 | 34,300 | 15% |
| Testing & acceptance | 157,500 | 5,350 | 11,800 | 17,150 | 11% |
| Training & run | 157,500 | 3,400 | 8,050 | 11,450 | 7% |
| Total | 1,575,000 | 101,500 | 184,500 | 286,000 | 18% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Haitham S. Al-Zahrani
Al-Zahrani2025-07-09
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2025-07-11
Project manager
Eng. Yasser M. Al-Zahrani
Al-Zahrani2025-07-14
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-07-17
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-07-20