Technology, Communications & Digital Security · TCDS Musrefy Award 2026
Communications & Digital Infrastructure Award
Honours reliable digital infrastructure that keeps financial services connected and running.
How this award is scored
- Evaluation
- 100% automatic, from the data and evidence you submit
- Minimum score to win
- 70 / 100
- Measurement period
- The last full financial year before nominations open (2025), compared with 2024 for growth measures
Who can apply
- A licensed telecoms, data-centre, cloud or network provider serving licensed financial institutions
- Serving at least three licensed financial institutions during the period
- Serving the financial sector for at least three years
- No final material regulatory or judicial sanction against the nominee during the measurement period
Indicators and weights
-
20%
Availability for financial clients
Average actual availability of services to financial institutions in 2025, excluding agreed maintenance
Points
- 99.99 – < 100 % 100
- 99.95 – < 99.99 % 80
- 99.9 – < 99.95 % 50
- 95 – < 99.9 % 20
Evidence
Monthly service level reports sent to clients
-
15%
Mean time to restore
Average hours between the start of an outage affecting a financial client and full service restoration in 2025
Points
- ≥ 12 hours 15
- 4 – < 12 hours 45
- 1 – < 4 hours 75
- 0 – < 1 hours 100
Evidence
Incident log with start and restoration times
-
15%
Months with an SLA breach
Number of the 12 months of 2025 in which at least one contracted service level for financial clients was breached
Points
- 4 – < 12 10
- 2 – < 4 40
- 1 – < 2 70
- 0 – < 1 100
Evidence
Monthly service level reports and any penalty or credit log
-
15%
Facility tier certification
Highest valid certification of the main data centre or network centre serving financial clients (Uptime Institute, TIA-942 or equivalent)
Points
- Tier IV / Rated 4100
- Tier III / Rated 375
- Tier II / Rated 235
- Not certified0
Evidence
The valid certificate
-
10%
Recovery tests within target time
Share of disaster recovery tests run in 2025 that restored service within the contracted recovery time objective
Points
- 95 – < 100 % 100
- 80 – < 95 % 80
- 50 – < 80 % 50
- 0 – < 50 % 10
Evidence
Recovery test reports signed by clients or the auditor
-
15%
Share of country banks served
Licensed banks in the nominee's main market (the country where it serves the most banks) relying on it for a critical service (connectivity, hosting, cloud, network) under a contract in force at end-2025, as a share of all licensed banks there, so a provider in a small market competes on equal terms
Points
- 50 – < 100 % 100
- 25 – < 50 % 80
- 10 – < 25 % 50
- 0 – < 10 % 20
Evidence
List of bank clients with service contracts, and the central bank's list of licensed banks
-
10%
Information security and continuity certificates
Valid certificates: ISO/IEC 27001 for information security and ISO 22301 for business continuity
Points
- Both valid100
- One valid50
- Neither0
Evidence
Copies of the valid certificates
Each indicator gives 0 to 100 points; its share of the total is its weight. Ties are decided by the indicators listed first in the scorecard; payment or package never affects the score.
Cycle timeline
-
Done
Nominations open
-
Upcoming
Nominations close
-
Upcoming
Judging starts
-
Upcoming
Judging ends
-
Upcoming
Results announced
Times are in Asia/Riyadh (UTC+03:00).
Results
Results are announced only after final approval.