Saudi Azm obtains SAR 8.5 mln technology sector track funding

18/05/2023 Argaam

Saudi Azm obtains SAR 8.5 mln technology sector track funding

Logo of Saudi Azm for Communications and Information Technology Co.

Saudi Azm for Communications and Information Technology Co. announced obtaining, on May 17, a technology sector track funding of SAR 8.5 million from the National Technology Development Program (NTDP) in partnership with the Social Development Bank (SDB).

 

The funding has a term of 24 months and is guaranteed by a promissory note for the full amount, the company said in a Tadawul statement.

 

The amount is intended to support the company’s operations, the statement said, adding that there are no related parties to the deal.

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