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العربية
CTR-2025-0071Services & SLAReal Estate & FacilitiesHorizon HoldingVersion v2

Facility Management Contract — Riyadh Buildings

ActiveMedium34
Value
3,960,000Before amendments:3,722,000
Term
3 years2025-07-01 – 2028-06-301447-01-06 – 1450-02-07 AH
Owner
Saad Al-MutairiReal Estate & Facilities Manager
Signature & renewal
Advanced via NafathRenews on approval90 days’ notice
  1. Draft2025-05-11
  2. Review2025-05-15
  3. Approval2025-05-15
  4. Signing2025-06-16
  5. Active2025-07-01
  6. Expiring
  7. Renew or end
Notice deadline2028-04-01Today
Effective2025-07-016 Muharram 1447 AH
End2028-06-307 Safar 1450 AH

Term elapsed 43% · ends in 625 days

Next step

Track delivery and obligations

Upcoming obligations and payments are in the Obligations tab. You will be alerted 90, 60 and 30 days before the notice deadline.

Payments made4/12
  1. Submit the quarterly SLA report2026-11-04
  2. Review and accept the report within 10 days2026-11-14
  3. Monthly service governance meeting2026-10-20
Saad Al-Mutairi

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Waqqa AI assistant

Executive summary

Confidence 94%

Esnad Facility Management runs operations, preventive and corrective maintenance and cleaning for the group's Riyadh buildings for 3 years, for SAR 3,960,000 paid monthly. The contract sets a 4-hour response for urgent faults, and 2% of the monthly invoice is deducted for each missed KPI.

Summarised from 15 pages — check the source before relying on it.

Sources:

Automated suggestion — a human makes the final call

Key terms

Extracted by the AI from the text — each value linked to its clause

7 terms
  • CounterpartyEsnad Facility Management Company
  • Total valueSAR 3,960,000 excl. VAT
  • Term3 years: 1 July 2025 to 30 June 2028
  • Payment termsQuarterly instalments, net 30 from invoice, tied to the SLA report
  • Liability capCapped at 12 months of fees
  • Renewal & noticeRenews by written agreement, with 90 days' notice before the end
  • Governing law & disputesSaudi law — Commercial Courts, Riyadh

Risks

Risk score34Medium
  • Liability cap below our usual position

    Our playbook asks for 24 months of fees; the text says 12.

    Low
  • Personal data protection

    The contract does not state where data is hosted — PDPL requires processing inside the Kingdom.

    Low

Key dates

  1. Draft created

    2025-05-1113 Dhuʻl-Qiʻdah 1446 AH521 days ago

  2. Fully signed

    2025-06-1923 Dhuʻl-Hijjah 1446 AH482 days ago

  3. Effective date

    2025-07-016 Muharram 1447 AH470 days ago

  4. Next up

    Next payment — Quarterly instalment 5

    2026-10-2817 Jumada I 1448 AHin 14 days

  5. Notice deadline

    2028-04-016 Dhuʻl-Qiʻdah 1449 AHin 535 days

  6. End date

    2028-06-307 Safar 1450 AHin 625 days

  7. Bank guarantee expiry

    2028-09-289 Jumada I 1450 AHin 715 days

See in the calendar

Related

SLASaudization

Visible to the owning department and Legal