Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 5
- Date
- 2026-03-18
- Hijri
- 29 Ramadan 1447 AH
- Reference
- PAY-2025-004-05
Interim payment certificate no. (5)
For the work of February 2026
- 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
- Integration & UAT · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 965,000 |
| 2 | Less: previous certificates | (738,000) |
| 3 | Value of work in this certificate | 227,000 |
| 4 | Less: retention (5%) | (11,350) |
| 5 | Less: advance payment recovery (10%) | (22,700) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (34,050) |
| 8 | Net before VAT | 192,950 |
| 9 | Add: value added tax (15%) | 28,943 |
| 10 | Net amount payable to the contractor | 221,893 |
Amount in words: Two hundred twenty-one thousand eight hundred ninety-three Saudi riyals only
Retention held up to this certificate: SAR 48.3K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 236,250 | 175,200 | 37,100 | 212,300 | 90% |
| Licences & platform | 315,000 | 199,150 | 51,750 | 250,900 | 80% |
| Build & configuration | 472,500 | 216,100 | 73,400 | 289,500 | 61% |
| Systems integration | 236,250 | 82,800 | 33,000 | 115,800 | 49% |
| Testing & acceptance | 157,500 | 39,600 | 18,300 | 57,900 | 37% |
| Training & run | 157,500 | 25,150 | 13,450 | 38,600 | 25% |
| Total | 1,575,000 | 738,000 | 227,000 | 965,000 | 61% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Haitham S. Al-Zahrani
Al-Zahrani2026-03-18
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2026-03-20
Project manager
Eng. Yasser M. Al-Zahrani
Al-Zahrani2026-03-23
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-03-26
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-03-29