Saudi Azm wins project from IAU

Saudi Azm for Communication and Information Technology Co. was awarded a project to implement managed services for the civil service sector to operate, develop, and analyze the platforms and applications with Imam Abdulrahman bin Faisal University (IAU).

The company added in a statement on Tadawul that the project value exceeds 5% of its total revenues for the fiscal year 2024.

The project, which was awarded on Nov. 14 and does not include any related parties.

Saudi Azm’s revenues for the FY ended June 2024 amounted to SAR 217.6 million, of which 5% constituted about SAR 10.9 million.