Saudi AZM signs two contracts worth SAR 19 mln

Logo of Saudi Azm for Communications and Information Technology Co.

Saudi AZM for Communication and Information Technology Co. signed a contract for a project of developing and implementing a billing system for the Ministry of Human Resources and Social Development, at a total value of SAR 9 million, according to a statement to Tadawul.
 

The 24-month contract is aimed to provide a unified financial technical solution to manage bills and billing, as well as managing and implementing all operations and their collections.

The company also signed, on May 15, a contract worth SAR 10.02 million with National Center for Government Resources Systems, to support electronic market and government passengers.
 

The project aims to support beneficiaries of the Etimad and government passenger market platform, in addition to operating and support the Business Performance Support Center, said the company. It noted that the contract term is 12 months.
 

The contract is expected to have a positive impact on the company’s financial results for FY 2024, said the company, adding that there are no related parties.
 

The necessary signatures have been completed and a copy of the contract has been received today, according to the company.