Itmam signs project with SME Bank

02/06/2025 Argaam
Logo ofItmam Consultancy Co.

Logo of Itmam Consultancy Co. 

Itmam Consultancy Co. signed a project with the Small and Medium Enterprises Bank (SME Bank) with a value exceeding 5% of the company’s 2024 revenues.

 

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In a statement to Tadawul, the company said the 24-month project entails providing consulting services to enhance and support procurement and contract processes. This will be through establishing a work methodology aligned with the Government Tenders and Procurement Law and related regulations.

 

The project is expected to have a positive impact on the company’s financial results from 2025 to 2027, the statement added, noting that there are no related parties involved.

 

All necessary signatures were completed and a copy of the contract was received at the end of the working day of June 1, 2025.

 

According to data available with Argaam, Itmam’s revenues for 2024 amounted to approximately SAR 68.7 million.

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