Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 5
- Date
- 2026-08-21
- Hijri
- 8 Rabiʻ I 1448 AH
- Reference
- PAY-2026-001-05
Interim payment certificate no. (5)
For the work of August 2026
- Contract number
- RC/2026/001
- Supplier-portal reference
- 2605280797
- Contract
- Entrepreneurship Fast Track platform & readiness assessment services
- Contractor
- Knowledge Training & Development Co.
- Contractor VAT number
- 310109053180003
- Project
- Entrepreneurship Fast Track Platform
- Contract period
- 2026-01-04 — 2026-12-31
- Original contract value
- 245,000
- Current contract value
- 245,000
- Linked milestone
- Annual service review · MS-G4 Testing & acceptance complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 133,000 |
| 2 | Less: previous certificates | (106,500) |
| 3 | Value of work in this certificate | 26,500 |
| 4 | Less: retention (5%) | (1,325) |
| 5 | Less: advance payment recovery (0%) | 0 |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (1,325) |
| 8 | Net before VAT | 25,175 |
| 9 | Add: value added tax (15%) | 3,776 |
| 10 | Net amount payable to the contractor | 28,951 |
Amount in words: Twenty-eight thousand nine hundred fifty-one Saudi riyals only
Retention held up to this certificate: SAR 6,650 — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Core service fees | 171,500 | 75,650 | 18,750 | 94,400 | 55% |
| On-demand extra capacity | 49,000 | 18,950 | 5,000 | 23,950 | 49% |
| Support & operations | 24,500 | 11,900 | 2,750 | 14,650 | 60% |
| Total | 245,000 | 106,500 | 26,500 | 133,000 | 54% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Latifa S. Al-Otaibi
Al-Otaibi2026-08-21
Supervising engineer
Hussam T. Al-Qurashi
Al-Qurashi2026-08-23
Project manager
Ghada A. Al-Shahrani
Al-Shahrani2026-08-26
Finance & contracts
Khalid N. Al-Mutairi
Al-Mutairi2026-08-29
Final approver
Munirah A. Al-Khalidi
Al-Khalidi2026-09-01