Saudi Azm, Social Development Bank sign SAR 15.2 mln contract

26/09/2023 Argaam

Saudi Azm, Social Development Bank sign SAR 15.2 mln contract

Logo of Saudi Azm for Communication and Information Technology Co.

Saudi Azm for Communication and Information Technology Co. signed a SAR 15.22 million contract with the Social Development Bank to develop and operate technical and security systems of the latter's information technology (IT) department.

 

The 12-month project aims to provide consulting and technical services to support the Social Development Bank, the company said in a statement to Tadawul today, Sept. 26.

 

The contract is expected to have a positive financial impact on the company's results for the fiscal year 2024/25.

 

There are no related parties to the deal, the statement said.

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