Naseej Tech signs SAR 16.2M contract with KAU

Naseej for Technology Co. (Naseej Tech) signed, on Aug. 15, a contract with King Abdulaziz University (KAU) for technical support services at a total value of SAR 16.19 million, inclusive of VAT.

The project aims to upgrade KAU’s academic system to the latest version, provide the necessary licenses, and offer technical support services for 36 months, Naseej Tech said in a statement to Tadawul.

The company expects this project to positively impact its financial statements from 2024 to 2027.

According to Argaam data, the contract was awarded to Naseej Tech last June.