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العربية
CTR-2026-0148FrameworkOperationsHorizon LogisticsVersion v3

Framework Agreement — Last-mile Delivery Services

Awaiting approvalMedium49
HLFirst partyHorizon Logistics Services CompanyA group entityCR 7003964120
NLSecond partyNaqel Logistics CompanyCR verified through WathqCR 7003390572 · DammamRaed Al-Khalidi
Value
6,500,000Excluding VAT
Term
3 years2027-01-01 – 2029-12-311448-07-23 – 1451-08-25 AH
Owner
Majed Al-GhamdiOperations Manager
Signature & renewal
Advanced via NafathRenews on approval90 days’ notice
  1. Draft2026-08-11
  2. Review2026-08-15
  3. Approval2026-08-16
  4. Signing
  5. Active
  6. Expiring
  7. Renew or end
Notice deadline2029-10-02Today
Effective2027-01-0123 Rajab 1448 AH
End2029-12-3125 Shaʻban 1451 AH

Term starts in 79 days

Next step

Waiting for Abdulaziz Al-Rashed to approve

For 53 days. Escalates automatically to the delegate after 5 working days.

Approvals2/3
  1. Legal AffairsNoura Al-Qahtani
  2. FinanceKhalid Al-Otaibi
  3. Chief ExecutiveAbdulaziz Al-Rashed
Abdulaziz Al-Rashed

1 open task

Waqqa AI assistant

Executive summary

Confidence 94%

A 3-year framework agreement with Naqel for last-mile delivery in the Eastern Province and Riyadh, with a spend ceiling of SAR 6,500,000 drawn down through separate work orders. Shipments are priced on a fixed rate card for year one, with annual reviews capped at 5%. The contract sets an on-time delivery KPI of 97%.

Summarised from 19 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
  • CounterpartyNaqel Logistics Company
  • Total valueSAR 6,500,000 excl. VAT
  • Term3 years: 1 January 2027 to 31 December 2029
  • Payment termsPer purchase order issued, each invoice net 45
  • Liability capCapped at 12 months of purchase orders
  • Renewal & noticeRenews by written agreement, with 90 days' notice before the end
  • Governing law & disputesSaudi law — arbitration at the Saudi Center for Commercial Arbitration, Riyadh

Risks

Risk score49Medium
  • Liability cap below our usual position

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

    Medium
  • Personal data protection

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

    Low

Key dates

  1. Draft created

    2026-08-1128 Safar 1448 AH64 days ago

  2. Next up

    Effective date

    2027-01-0123 Rajab 1448 AHin 79 days

  3. Next payment — Per purchase order

    2027-03-0223 Ramadan 1448 AHin 139 days

  4. Notice deadline

    2029-10-0223 Jumada I 1451 AHin 1,084 days

  5. End date

    2029-12-3125 Shaʻban 1451 AHin 1,174 days

See in the calendar

Related

Spend ceilingSLA

Visible to the owning department and Legal