Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 8
- Date
- 2026-10-04
- Hijri
- 23 Rabiʻ II 1448 AH
- Reference
- PAY-2026-025
Interim payment certificate no. (8)
For the work of September 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
- Hypercare & handover · MS-G5 Final handover
Certificate summary (SAR)
| 1 | Total value of work completed to date | 1,340,000 |
| 2 | Less: previous certificates | (1,230,000) |
| 3 | Value of work in this certificate | 110,000 |
| 4 | Less: retention (5%) | (5,500) |
| 5 | Less: advance payment recovery (10%) | (11,000) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (16,500) |
| 8 | Net before VAT | 93,500 |
| 9 | Add: value added tax (15%) | 14,025 |
| 10 | Net amount payable to the contractor | 107,525 |
Amount in words: One hundred seven thousand five hundred twenty-five Saudi riyals only
Retention held up to this certificate: SAR 67K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Analysis & design | 236,250 | 227,000 | 9,250 | 236,250 | 100% |
| Licences & platform | 315,000 | 296,150 | 18,850 | 315,000 | 100% |
| Build & configuration | 472,500 | 429,650 | 42,850 | 472,500 | 100% |
| Systems integration | 236,250 | 161,950 | 20,300 | 182,250 | 77% |
| Testing & acceptance | 157,500 | 69,800 | 10,600 | 80,400 | 51% |
| Training & run | 157,500 | 45,450 | 8,150 | 53,600 | 34% |
| Total | 1,575,000 | 1,230,000 | 110,000 | 1,340,000 | 85% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Haitham S. Al-Zahrani
Al-Zahrani2026-10-04
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2026-10-06
Project manager
Eng. Yasser M. Al-Zahrani
Al-Zahrani2026-10-09
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-10-12
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-10-15