KnowledgeNet inks SAR 6.6M contract with SICO

16/04/2025 Argaam
Logo ofKnowledgeNet Co.

Logo of KnowledgeNet Co.

KnowledgeNet Co. signed on April 15 a TradeNet and asset management solution contract with SICO for SAR 6.64 million.
 

The contract represents a long-term partnership and commitment to use TradeNet software perpetual license, and is expected to have a positive financial impact.

 

KnowledgeNet will provide SICO and its subsidiaries with a comprehensive technology platform to meet their trading, brokerage, and asset management requirements, according to a statement to Tadawul.

 
 

 

The contract included no related parties, the statement added.

 

Further, the contract features trading channels (desktop, web, mobile), digital customer onboard and KYC, back office, market data connectors, exchange connectors and gateways, and AMS (front-to-back solution).

 

The launch of its asset management product in the Saudi market was originally planned for early 2026. However, due to growing interest from partners and potential clients, KnowledgeNet is accelerating its efforts to introduce the product in the near term in order to meet the needs of clients and the Saudi market.

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