WSM signs data project contract with Awqaf Authority

08:38 AM (Mecca time) Argaam
Logo ofWSM for Information Technology Co.

Logo of WSM for Information Technology Co.

WSM for Information Technology Co. signed, on Feb. 4, a contract with the General Authority for Awqaf (GAA), according to a statement to Tadawul.

 

The value of the project is 11.6% of WSM’s total revenue for 2023, which amounted to SAR 28.02 million.

 

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The project entails revising and registering the endowments data with the other authorities for 24 months.

 

This contract is expected to have a positive financial impact on the company's financial results for the first half of 2025.

 

The deal included no related parties, the statement added.

 

The company received in January a letter of award from the GAA for a data revision and registration project, Argaam reported.

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