Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 3
- Date
- 2025-10-01
- Hijri
- 9 Rabiʻ II 1447 AH
- Reference
- PAY-2025-004-03
Interim payment certificate no. (3)
For the work of September 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
- Release 1 built · MS-G2 Designs approved
Certificate summary (SAR)
| 1 | Total value of work completed to date | 483,500 |
| 2 | Less: previous certificates | (286,000) |
| 3 | Value of work in this certificate | 197,500 |
| 4 | Less: retention (5%) | (9,875) |
| 5 | Less: advance payment recovery (10%) | (19,750) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (29,625) |
| 8 | Net before VAT | 167,875 |
| 9 | Add: value added tax (15%) | 25,181 |
| 10 | Net amount payable to the contractor | 193,056 |
Amount in words: One hundred ninety-three thousand fifty-six Saudi riyals only
Retention held up to this certificate: SAR 24.2K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 236,250 | 67,000 | 39,400 | 106,400 | 45% |
| Licences & platform | 315,000 | 76,650 | 49,050 | 125,700 | 40% |
| Build & configuration | 472,500 | 84,100 | 60,950 | 145,050 | 31% |
| Systems integration | 236,250 | 32,500 | 25,500 | 58,000 | 25% |
| Testing & acceptance | 157,500 | 15,650 | 13,350 | 29,000 | 18% |
| Training & run | 157,500 | 10,100 | 9,250 | 19,350 | 12% |
| Total | 1,575,000 | 286,000 | 197,500 | 483,500 | 31% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Haitham S. Al-Zahrani
Al-Zahrani2025-10-01
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2025-10-03
Project manager
Eng. Yasser M. Al-Zahrani
Al-Zahrani2025-10-06
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2025-10-09
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2025-10-12