Logo of Saudi Azm for Communication and Information Technology Co.
Saudi Azm for Communication and Information Technology Co.’s board of directors, approved on May 9 to establish a Riyadh-based limited liability firm capitalized at SAR 100,000. The new entity will be specialized in user experience, according to a bourse filing.
It will be 75%-owned by Saudi Azm.
The company will announce the related updates in due course, the statement added.
In a separate statement, Saudi Azm said the board approved the formation of a nominations and remunerations committee until the end of the current board term.
The committee will be headed by Omar Al-Jeraisy, and will include Magdy Qari, and Rawan Al-Sharhan as members.
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