Saudi Azm inks SAR 18.5 mln contract with Industry Ministry

24/08/2023 Argaam

Logo of Saudi Azm for Communication and Information Technology Co.

Saudi Azm for Communication and Information Technology Co. signed a SAR 18.5 million contract for a digital services platform project with the Ministry of Industry and Mineral Resources, according to a statement to Tadawul today, Aug. 24.

 

The contract was signed on Aug. 8. Under the 12-month deal, the company will execute operations and secure purchases for the ministry.

 

The contract is expected to have a positive financial impact on the company's 2024/25 financial results, the statement added, noting there are no related parties.

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