Saudi Azm for Communication and Information Technology Company has signed a contract worth $4.26 million (SAR 16.51 million) with the Ministry of Finance to develop digital portals and smart apps.
Tadawul-listed Saudi AZM will develop digital portals and smart applications for KSA’s finance ministry, as per a stock exchange statement. The step aims to build and develop smart platforms and business solutions for the Ministry of Finance’s services which is provided to government agencies and the private sector.
The contract duration is 24 months starting from the signing date.
“This contract is expected to have a positive financial impact on the company’s financial results for the year 2023, 2024,” said the statement.
In July 2022, Azm also won a contract worth $2 million to operate governmental resource systems, update databases, and secure advisory cadres for the General Commission for the Guardianship of Trust Funds for Minors and their counterparts.
