| Element List | Explanation |
|---|---|
| Introduction | Seera Group Holding is pleased to announce that Almosafer Travel and Tourism Company (one of its subsidiaries) has signed an agreement with Klook Travel Technology to establish a joint company for the purpose of developing a joint venture to establish a one-stop digital platform for activities |
| Date of Announcement of the Award | 2022-02-17 Corresponding to 1443-07-16 |
| Contract Subject Matter | Establishment of a joint venture to develop a one-stop digital platform for activities |
| Date of Signing the Contract | 2022-02-17 Corresponding to 1443-07-16 |
| Contract Value | Almosafer will contribute minimum 63 million SAR and up to 116 million SAR. |
| Contract Details | Signing an agreement to establish a joint company with 50% ownership by Almosafer and 50% ownership by Klook to establish a digital platform to provide services for activities, tours, and events, where Almosafer will contribute to providing administrative support for the company’s operation in addition to a cash contribution, and Klook will contribute by providing technical services to the company, as well as providing technical support for the company |
| Contract Duration | 5 years |
| Financial Impact and the Relevant Period | It is expected that it will have a positive impact on the financial results in the end of 2022 |
| Related Parties | None |
