Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 4
- Date
- 2026-05-26
- Hijri
- 9 Dhuʻl-Hijjah 1447 AH
- Reference
- PAY-2025-014-04
Interim payment certificate no. (4)
For the work of May 2026
- Contract number
- RC/2025/014
- Supplier-portal reference
- 2504090576
- Contract
- Framework agreement — cloud migration services
- Contractor
- Kingdom Cloud IT Co.
- Contractor VAT number
- 310107543900003
- Project
- Moving the Chamber’s Systems & Website to the Cloud
- Contract period
- 2025-06-15 — 2027-02-28
- Original contract value
- 1,900,000
- Current contract value
- 1,900,000
- Linked milestone
- Annual service review · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 762,500 |
| 2 | Less: previous certificates | (546,500) |
| 3 | Value of work in this certificate | 216,000 |
| 4 | Less: retention (5%) | (10,800) |
| 5 | Less: advance payment recovery (0%) | 0 |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (10,800) |
| 8 | Net before VAT | 205,200 |
| 9 | Add: value added tax (15%) | 30,780 |
| 10 | Net amount payable to the contractor | 235,980 |
Amount in words: Two hundred thirty-five thousand nine hundred eighty Saudi riyals only
Retention held up to this certificate: SAR 38.1K — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Core service fees | 1,330,000 | 388,350 | 153,000 | 541,350 | 41% |
| On-demand extra capacity | 380,000 | 97,150 | 40,100 | 137,250 | 36% |
| Support & operations | 190,000 | 61,000 | 22,900 | 83,900 | 44% |
| Total | 1,900,000 | 546,500 | 216,000 | 762,500 | 40% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Fares A. Al-Malki
Al-Malki2026-05-26
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2026-05-28
Project manager
Eng. Omar H. Bawazir
Bawazir2026-05-31
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-06-03
Final approver
Dr. Abdullah S. Al-Qahtani
Al-Qahtani2026-06-06