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Shalfa wins SAR 366.5M school services contract from Tatweer
Shalfa Facilities Management received a SAR 366.5 million award from Tatweer for grounds and building services at education facilities in Qassim, under a framework signed in April.
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Shalfa Facilities Management Co. received an award notification from Tatweer Buildings Co. for a contract valued at SAR 366.49 million, excluding VAT. The contract covers cleaning and maintenance services for school buildings in the Qassim region, along with gatekeeping duties, Shalfa said in a statement to Tadawul.
The award falls under a framework agreement Shalfa signed with Tatweer in April 2025. That agreement covered integrated facility management services for school buildings and private institutes in the central region. Qassim is the first zone to receive a formal tranche under that framework. Shalfa said there are no related parties to the transaction.
The contract value is material for Shalfa. The company derives most of its revenue from facility management contracts with government and semi-government entities in Saudi Arabia. Recurring service contracts provide multi-year revenue visibility.