Thob Al-Aseel, Argaam Investments ink deal to develop new IR App

Thob Al-Aseel Co. on May 3 signed an agreement with Riyadh-based Argaam Investments Co. to develop a web page for investor relations with the related application.

“The move comes as part of the company’s efforts to enhance transparency and disclosure, so as to facilitate shareholders’ access to all information via state-of-the-art technologies,” Faisal Al Judaiei, the company’s chairman, said during the Euromoney Conference 2018.

Thob Al-Aseel is keen to apply the highest standards of transparency and governance, driven by its plans to list shares on the primary market.

Therefore, it has become the first Nomu-listed firm to enhance relations with its shareholders through cooperation with Argaam Investment’s technical team, Al Judaiei added.

Commenting on the new deal, Islam Zween, Argaam’s Chief Executive Officer, said, “Argaam’s technical team have a broad experience in designing shareholder-linked applications as well as developing specialist webpages, thanks to their ability to understand investor needs for financial information.”

Argaam was present this year with a live news booth at the heart of Euromoney Conference 2018, and held exclusive interviews with many senior government officials, global experts, and top bankers.

Last week, Argaam Investments signed a subscription services agreement with Derayah Financial for Argaam Plus services.