Itmam inks contract with MCIT for technology accelerator program

Logo of Itmam Consultancy Co.

Itmam Consultancy Co. signed a contract for the Technology Accelerator Program project to develop an innovation skills program. The agreement is inked with the Ministry of Communication and Information Technology (MCIT) at a value exceeding 24% of the company’s total revenue for 2024.

In a statement to Tadawul, the company said that the project was awarded on Sept 15, 2025. Besides, the necessary signatures were obtained, and a copy of the contract was received today, Oct. 19.

Itmam further noted that the contract term is 24 months.

The project aims to operate and manage the Technology Gaming Pioneers Program, which targets entrepreneurs in the electronic gaming sector to support the establishment and growth of pioneering projects in this field.

This contract is expected to have a positive impact on the company's financial results for the period 2025-2027, the company stated, adding that there are no related parties involved.

According to Argaam’s data, Itmam’s revenue amounted to nearly SAR 68.7 million in 2024.