Riyadh - Mubasher: Saudi Azm for Communication and Information Technology Company has been awarded an 18-month contract by the Saudi Small and Medium Enterprises General Authority (Monsha'at).

The company will operate and offer the second class of services programme supporting small and medium enterprises (SMEs), according to a recent bourse filing.

The contract value represents 5% of the company’s 2021 total revenues, as per the financials for fiscal year 2021.

The contract is expected to reflect positively on the company’s financial results for 2022.

It is worth noting that on 1 March, Saudi Azm commenced trading its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).