Zahrat Al Waha, Argaam ink deal for IR App, web page

Zahrat Al Waha for Trading Co. concluded an agreement with Argaam Investments Co. to design an investor relations (IR) web page on its website and launch a special IR mobile app for Android and iOS smartphones.

Ahmed Hamoud Al-Theyab, Chairman of Zahrat Al Waha, which operates in manufacturing of plastic preforms and caps, expressed his pleasure about the new agreement, saying: “This move is part of Zahrat Al Waha’s efforts to achieve an outstanding level of disclosure and transparency. We aim to facilitate investor access to all data using IR state-of-the-art technology."

Since the company’s listing, Zahrat Al Waha board of directors have aimed to enhance disclosure and transparency in all aspects and apply governance standards to all operations, Al-Theyab added.

“The agreement was driven by the Argaam professional technical team with extensive experience designing smart IR apps. The team is also distinguished for its ability to develop specialized, interactive web pages, backed by a deep understanding of investors’ needs of financial data,” Anwar Banafea, Chief Operating Officer at Argaam Investment Co., said.

So far, Argaam has provided this service to many Saudi-listed companies to build strong and reliable relationships between companies and investors.